32 St Johns Street Johnson, Vermont 05656 MLS# 4673828

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Sold Status

$155,500 Sold Price

Multi Type

5 Beds

3 Baths

2,889 Sqft

Listed By of Preferred Properties - Off: 802-862-9106
Sold By
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Lamoille County

32 St Johns Street

This amazingly tidy investment or owner occupied TRIPLEX has the opportunity to earn you a 26% return on your investment at current rents. Starting in June 2018, you can expect an extra $400 (increase in rents) raising your potential profits to 35% (cash on cash) with a CAP rate of 13.3%. And don't forget the positive cash flow is just 1 of 4 ways you earn through rental real estate ownership. Looking to owner occupy? We'll show you how with just 3.5% down you could live in this home for free AND EARN $290/month. This home is not only an amazing cash flow opportunity - it also has amazing historical value. It's the 2nd oldest building in town and was moved from a different location. Charm throughout with original woodwork and hand-hewn beams. At that time the basement was dug and poured with concrete to provide an amazing lower level apartment. No detail has been left untouched with convenient vinyl siding, rain gutters, new porch roof and new highly efficient heating system, costing just $1,500/year to heat all units. These spacious, bright units are easy to rent and are very well maintained. Two 2 bedroom units on floor 1 and 2 and a very large 1 bedroom on the lower level complete with a private porch. Don't miss out on adding this to your real estate portfolio. They don't come this PROFITABLE and this CLEAN very often.

Property Location

32 St Johns Street Johnson

Property Details

Sold Price  $155,500 Sold Date  May 22nd, 2018
MLS#  4673828 Bedrooms  5 Garage Size   Car
List Price  175,000 Total Bathrooms  3 Year Built  1850
Type  Multi-Family Lot Size  0.2300 Acres Taxes $4,288
Units  3 Stories  2 Road Frontage  
Annual Income  $0 Style  Apartment Building Water Frontage  
Annual Expenses  $0 Finished  2,889 Sqft Construction  No, Existing
Zoning   Residential Above Grade  2,038 Sqft Seasonal  No
Total Rooms  5 Below Grade  851 Sqft List Date  Jan 20th, 2018
Gross Income  $0 Operating Expenses  $0 Net Income  $28,800
Expenses Includes 
Unit 1   1 Beds, 1 Baths, 851 SqFt, $600/Monthly Unit 2   2 Beds, 1 Baths, 1,019 SqFt, $900/Monthly
Unit 3   2 Beds, 1 Baths, 1,019 SqFt, $900/Monthly
ConstructionPost and Beam
BasementWalk-up, Apartments, Slab, Interior Stairs, Bulkhead
Interior Features
Exterior Features
Exterior  Vinyl Siding Disability Features  
Foundation  Concrete House Color  
Floors  Carpet, Laminate, Laminate Building Certifications  
Roof  Metal HERS Index  
DirectionsFrom the grocery store on Route 15, head South towards Morrisville. Take a left onto St. Johns Street. The property is on the right.
Lot DescriptionUnknown, Rental Complex
Garage & Parking  No, , , Off Street, On Site
Road Frontage   Water Access  
Driveway  Common/Shared Water Type  
Flood Zone  No Water Body  
Zoning  Residential
School District  NA Middle  
Elementary   High  
Heat Fuel  , Gas-Lp/Bottle Excluded  
Heating/Cool  None, Baseboard, House Unit, Hot Water, House Unit Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Gas-Lp/Bottle Financing  
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  336-104-11336
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† The remarks published on this webpage originate from Listed By of Preferred Properties - Off: 802-862-9106 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.