40 N Main ST
Multi-Family $ 499,000

40 N Main ST

Alburgh, VT 05440

  • 8 Beds
  • 4 Baths
    Full Baths: 4
  • 3,566 SqFt
  • 0.26 Lot Size
  • 1901 Year Built
Introducing 40 North Main St, a fantastic multi-family building located in the heart of Alburgh, Vermont. With a current cap rate of 9.2% the potential for steady rental income and appreciation in this charming Vermont community, 40 North Main St is a smart investment that combines comfort, convenience, and opportunity. This investment opportunity features a well-maintained structure that boasts multiple rental units, ideal for both seasoned investors and those looking to enter the real estate market. The property includes three spacious apartments as well as a first floor commercial unit that can be renovated or converted to an additional 3 bedroom unit, each designed to maximize comfort and functionality. First floor unit was completely renovated and a New Heating system was installed for entire building in 2022 With a mix of two and three-bedroom layouts, these units feature large windows that fill the living spaces with natural light, along with updated kitchens and bathrooms that cater to modern living needs. The inviting living areas create a warm atmosphere, making each apartment a desirable place to call home. Its prime location that provides easy access to local amenities, including shops, restaurants, and recreational facilities, making it a sought-after spot for renters. Don't miss your chance to own this multi-family gem in Alburgh!
Listed by Michael J Preseau of CENTURY 21 North East

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Listing Status Active

    Purchase Type For Sale

    Square Footage 3, 566 sqft

    Price per Sqft $139

    MLS Listing ID 5106976

    Bedrooms 8

    Full Baths 4

    Construction Status Existing

    Year Built 1901

    Annual Tax Amount $4,681

    Tax Year 2025

    Lot Size 0.260 Acres

    Acres 0.26

  • Location

    State VT

    County Vt-grand Isle

    Area Vt-Grand Isle

    Zoning None

  • Rooms

    Basement Entrance Interior

    Basement Storage Space, Unfinished

  • Building

    Story 2

    Sewer Public

    Architectural Style Apartment Building

    Construction Status Existing

  • Interior

    Cooling None

  • Exterior

    Garage Spaces 1.0

    Utilities Available Cable Available, Telephone Available

    Roof Type Rolled,Asphalt Shingle

  • Schools

    Elementary Schools Alburgh Community Ed. Center

    Middle Schools Choice

    High Schools Choice

    School District Grand Island Central School District

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