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!
Alburgh is located in Vermont. Alburgh, Vermont has a population of 1,783. Alburgh is less family-centric than the surrounding county with 18.98% of the households containing married families with children. The county average for households married with children is 25.04%.
The median household income in Alburgh, Vermont is $63,462. The median household income for the surrounding county is $85,154 compared to the national median of $69,021. The median age of people living in Alburgh is 50.1 years.
The average high temperature in July is 79.9 degrees, with an average low temperature in January of 8.1 degrees. The average rainfall is approximately 34.5 inches per year, with 63.4 inches of snow per year.
