Back to Search ResultsSold Status
$1,575,000 Sold Price
Multi Type
12 Beds
8 Baths
9,862 Sqft
Sold By RE/MAX North Professionals
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Call: 802-863-1500
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Lamoille County
Great income potential with this multifamily apartment complex located in Johnson, VT. Sixteen recently renovated and fully leased units located just down the street from Northern Vermont University! There are three buildings total, consisting of 7 units, 8 units and 1 unit with a laundry room. All together there are six 1 bedroom apartments and eleven 2 bedroom apartments. Every unit has been renovated over the past 3 years. These units have a strong rental history in a highly desirable location, close to all the village amenities, schools and the NVU campus. Vacancies don't last long! Includes a newly renovated 2 bedroom stand alone building with attached coin operated laundry room shared by all tenants and which offers additional income. Please allow at least 48 hours advance notice for showings to provide enough time to notify the tenants. Detailed income and expenses available to qualified, interested parties. †
Property Location
Property Details
| Sold Price $1,575,000 | Sold Date May 6th, 2022 | |
|---|---|---|
| MLS# 4896797 | Bedrooms 12 | Garage Size Car |
| List Price 1,650,000 | Total Bathrooms 8 | Year Built 1900 |
| Type Multi-Family | Lot Size 0.6900 Acres | Taxes $0 |
| Units 16 | Stories 2 | Road Frontage 192 |
| Annual Income $165,294 | Style Apartment Building, Multi-Family | Water Frontage |
| Annual Expenses $0 | Finished 9,862 Sqft | Construction No, Existing |
| Zoning None | Above Grade 9,862 Sqft | Seasonal No |
| Total Rooms 12 | Below Grade 0 Sqft | List Date Feb 1st, 2022 |
| Gross Income $165,294 | Operating Expenses $0 | Net Income $0 |
|---|
| Expenses Includes |
|---|
| Unit 1 1 Beds, 1 Baths, 600 SqFt, $0/Monthly | Unit 2 1 Beds, 1 Baths, 550 SqFt, $0/Monthly |
|---|---|
| Unit 3 3 Beds, 1 Baths, 400 SqFt, $0/Monthly | Unit 4 2 Beds, 1 Baths, 400 SqFt, $0/Monthly |
| Unit 5 1 Beds, 1 Baths, 550 SqFt, $0/Monthly | Unit 6 2 Beds, 1 Baths, 500 SqFt, $0/Monthly |
| Unit 7 1 Beds, 1 Baths, 500 SqFt, $0/Monthly | Unit 8 1 Beds, 1 Baths, 600 SqFt, $0/Monthly |
| ConstructionInsulation-Foam |
|---|
| BasementInterior, Unfinished, Concrete, Interior Stairs, Stairs - Interior, Unfinished |
| Interior Features |
| Exterior Features |
| Exterior Wood, Wood | Disability Features |
|---|---|
| Foundation Stone, Stone | House Color White, Red |
| Floors | Building Certifications |
| Roof Metal | HERS Index |
| DirectionsThree separate buildings included in the sale. 14 School St, 36 School St and 46 School St. All located next to each other on the corner of School St and Pearl St in Johnson. |
|---|
| Lot DescriptionUnknown, Level, Corner, Rental Complex, Street Lights |
| Garage & Parking No, , , 11-20 Spaces, On Site, Off Street, Parking Spaces 11 - 20 |
| Road Frontage 192 | Water Access |
|---|---|
| Driveway Gravel | Water Type |
| Flood Zone No | Water Body |
| Zoning None |
| School District Johnson School District | Middle Lamoille Middle School |
|---|---|
| Elementary Johnson Elementary School | High Lamoille UHSD #18 |
| Heat Fuel , Gas-Lp/Bottle | Excluded |
|---|---|
| Heating/Cool None, Vented Gas Heater | Negotiable |
| Sewer Public | Parcel Access ROW |
| Water Public | ROW for Other Parcel |
| Water Heater Electric | Financing |
| Cable Co | Documents |
| Electric Net Meter | Tax ID 336-104-10801 |
† The remarks published on this webpage originate from Listed By Kelley Ruane of Mink Realty via the NNEREN IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman Realty cannot be held responsible for possible violations of copyright resulting from the posting of any data from the NNEREN IDX Program.
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