Sold Status
$217,500 Sold Price
Multi Type
11 Beds
5 Baths
3,284 Sqft
Sold By Century 21 Martin & Associates Real Estate
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Lamoille County
You won't want to miss out on this amazingly updated and profitable 5 unit updated property in downtown Johnson with monthly income of $3,500/month - with room to increase rent to $3,950. With this home there is a possibility of living in the property AND earning over $1,000/month. Or purchase as an investment - and when fully leased can earn over $1,625 each month. Where else can you have the potential earnings of over 26% cash on cash return. As a value add, a new owner may be able to build more units on this property due to current zoning in Johnson, VT. You and your tenants will enjoy the charm of historic features throughout and the ample onsite parking. All units are easy to rent with the local Johnson State College, and there is room for an additional $450/month by renting unit #5 as a 3 bedroom instead of a 2 bedroom. Owners have updated all heating systems, many windows and each units has been recently updated. Ease of ownership throughout with vinyl siding, updated kitchens, updated windows and tenants that pay all their own utilities! Hardwired smokes in each unit, separate electric meters and each unit has their own propane tank. Each unit includes back up electric baseboard heat in addition to the affordable propane heat option. And if you're looking for a space to store your grown up toys, look no further than the detached garage with new vinyl siding (or rent it out). †
Property Location
Property Details
Sold Price $217,500 | Sold Date Jan 2nd, 2019 | |
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MLS# 4654195 | Bedrooms 11 | Garage Size 1 Car |
List Price 225,000 | Total Bathrooms 5 | Year Built 1880 |
Type Multi-Family | Lot Size 0.5100 Acres | Taxes $5,486 |
Units 5 | Stories 2 | Road Frontage 150 |
Annual Income $0 | Style Apartment Building | Water Frontage |
Annual Expenses $0 | Finished 3,284 Sqft | Construction No, Existing |
Zoning No zoning. | Above Grade 3,284 Sqft | Seasonal No |
Total Rooms 11 | Below Grade 0 Sqft | List Date Aug 17th, 2017 |