376 Lafayette Street

Description

New and veteran investors take notice! Up for sale is a 3-unit rental building with stable rental history in very convenient St. Johnsbury location! Since the previous sale, the current owner has invested in many improvements and apartment upgrades making this a turn-key opportunity to either add to or start your investment portfolio. Also perfect for a resident owner! Building has one 2-bedroom unit on the 1st floor, one 2-bedroom unit on the 2nd floor and a 1-bedroom unit on 3rd floor. The two-bedroom units feature large living and dining rooms, lots of natural woodwork and original, built-in cabinetry. Easy potential to convert 2nd floor unit into a 3-bedroom unit for increased rent. Parking for 4 to 5 vehicles behind building. Large, private backyard for kids and pets. Large, covered wrap-around porch for 1st floor tenants. Walk-out cellar includes washer/dryer hook-up and lots of space for tenant/owner storage. All units accessible through back-entrance and common interior stairwell. Sprinkler system in place for the third floor. The building was certified in the 2024 inspection by the St Johnsbury code compliance officer. Tenants pay their own heat and electric.