286 288 294 Railroad Street Johnson, Vermont 05656 MLS# 4915303

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Sold Status

$865,000 Sold Price

Multi Type

15 Beds

0 Baths

8,289 Sqft

Listed By Trombley & Day Group of BHHS Vermont Realty Group/Morrisville-Stowe
Sold By BHHS Vermont Realty Group/Morrisville-Stowe
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Lamoille County

286 288 294 Railroad Street

A wonderful and established investment opportunity in the heart of Johnson! This multi-family property consists of three buildings and a total of 11 units. Located on Railroad Street, everything that Johnson Village has to offer is within walking distance. A quick approximate 100 yards from the biking rail trail, this property has attracted many nature loving and active outdoor type tenants over the years- it's the perfect spot for the outdoor enthusiast! With a large backyard on the shoreline of the Lamoille River, there is access for kayaking, tubing, swimming and fishing, as well as postcard views where the Lamoille converges with the Gihon River. All units have been remodeled and/or upgraded in the fourteen years that the sellers have owned it. Improvements to the property include roofing upgrades, vinyl siding, laundry room appliance upgrades, sewer line replacement, hot water heaters replaced, a new oil tank in unit 2, extended/enlarged decks on 3 units, and security cameras installed in the parking lot. This property has a strong rental history and is the perfect opportunity to own a proven investment. Building 1 was built in approximately 1900; buildings 2 & 3 in 1988 & 1991, respectively.

Property Location

286 288 294 Railroad Street Johnson

Property Details

Sold Price  $865,000 Sold Date  Sep 30th, 2022
MLS#  4915303 Bedrooms  15 Garage Size   Car
List Price  895,000 Total Bathrooms  0 Year Built  1900
Type  Multi-Family Lot Size  1.0000 Acres Taxes $14,418
Units  11 Stories  2 Road Frontage  
Annual Income  $107,229 Style  Multi-Family Water Frontage  
Annual Expenses  $0 Finished  8,289 Sqft Construction  No, Existing
Zoning   no zoning Above Grade  8,289 Sqft Seasonal  No
Total Rooms  15 Below Grade  0 Sqft List Date  Jun 13th, 2022
Gross Income  $107,229 Operating Expenses  $0 Net Income  $54,756
Expenses Includes 
Unit 1   2 Beds, Baths, $900/Monthly Unit 2   2 Beds, Baths, $850/Monthly
Unit 3   2 Beds, Baths, $875/Monthly Unit 4   2 Beds, Baths, $930/Monthly
Unit 5   1 Beds, Baths, $700/Monthly Unit 6   2 Beds, Baths, $0/Monthly
Unit 7   2 Beds, Baths, $1,000/Monthly Unit 8   2 Beds, Baths, $950/Monthly
ConstructionWood Frame
BasementWalkout, Unfinished, Slab, Partial
Interior Features
Exterior Features
Exterior  Other Disability Features  
Foundation  Other House Color  White
Floors   Building Certifications  
Roof  Other HERS Index  
DirectionsFrom Vermont Route 15 in the Center of Johnson village towards Hyde Park: Turn right onto Railroad St. Properties are just before the bridge on the right.
Lot Description, City Lot
Garage & Parking  No, ,
Road Frontage   Water Access  
Driveway  Paved Water Type  
Flood Zone  Yes Water Body  
Zoning  no zoning
School District  NA Middle  
Elementary   High  
Heat Fuel  , Oil, Electric Excluded  
Heating/Cool  None, Baseboard, Wall Units Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Other Financing  
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  336-104-10113
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† The remarks published on this webpage originate from Listed By Trombley & Day Group of BHHS Vermont Realty Group/Morrisville-Stowe 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.