59 Railroad Street Johnson, Vermont 05656 MLS# 4988883

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For Sale Status

$475,000 List Price

Multi Type

8 Beds

6 Baths

2,844 Sqft

Listed By Jason Saphire of www.HomeZu.com
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Lamoille County

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Fully rented 5-unit apartment building in the village of Johnson, Vermont. The building is structured with all units enjoying a private entrance. The building composition is: 1- two story 3 bedroom, 2 bath 2- one bedroom 3- studio 4- two story studio 5- second story 2 bedroom Four of the five units have been completely renovated with new flooring, paint, woodwork, cabinets and appliances. Building features a new LP gas heating system, new water heater, and new wiring throughout. A separate mechanical room eliminates the need to access tenant space if ever the boiler or water heater require maintenance. All new windows and vinyl siding were installed in 2017. The roof is solid & does not leak but needs to be painted. Not all units are represented in the photos however all have similar style and quality and possess their unique charm. The vibrant and close-knit village of Johnson is in the heart of one of the fastest growing counties in Vermont. It is minutes away from skiing and snowboarding mountains, including Stowe, Smugglers' Notch, and Jay Peak. It is home to Vermont State University Johnson Campus, and this building is only 300 yards to the Lamoille Valley Rail trail which provides many recreational opportunities. Priced to sell at under $100k per unit.

Property Location

59 Railroad Street Johnson

Property Details

MLS#  4988883 Bedrooms  8 Garage Size   Car
List Price  475,000 Total Bathrooms  6 Year Built  1900
Type  Multi-Family Lot Size  0.1300 Acres Taxes $4,718
Units  5 Stories  2 Road Frontage  64
Annual Income  $57,300 Style  Historic District Water Frontage  
Annual Expenses  $0 Finished  2,844 Sqft Construction  No, Existing
Zoning   No Above Grade  2,844 Sqft Seasonal  No
Total Rooms  8 Below Grade  0 Sqft List Date  Mar 21st, 2024
Gross Income  $57,300 Operating Expenses  $0 Net Income  $37,711
Expenses Includes 
Unit 1   3 Beds, 2 Baths, 990 SqFt, $1,350/Monthly Unit 2   1 Beds, 1 Baths, 412 SqFt, $725/Monthly
Unit 3   1 Beds, 1 Baths, 400 SqFt, $775/Monthly Unit 4   1 Beds, 1 Baths, 370 SqFt, $925/Monthly
Unit 5   2 Beds, 1 Baths, 672 SqFt, $950/Monthly
Construction
BasementInterior, Full, No Tenant Access, Frostwall, Sump Pump, Crawl Space, Dirt
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Stone, Concrete House Color  grey
Floors  Laminate Building Certifications  
Roof  Metal HERS Index  
Directions59 Railroad Street, Johnson, Vermont. From Route 15 building is on left hand side of the road. Parking in back.
Lot DescriptionNo, Village, Near Skiing, Village
Garage & Parking  No, On Site, Off Street
Road Frontage  64 Water Access  
Driveway  Gravel Water Type  
Flood Zone  Yes Water Body  
Zoning  No
School District  NA Middle  
Elementary   High  
Heat Fuel  , Gas-Lp/Bottle Excluded  
Heating/Cool  None, Baseboard, Multi Zone, Hot Water Negotiable  
Sewer  Public Sewer at Street Parcel Access ROW  
Water   ROW for Other Parcel  
Water Heater   Financing  
Cable Co   Documents  Lease Agreements, Deed
Electric  Circuit Breaker Tax ID  33610411008
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† The remarks published on this webpage originate from Listed By Jason Saphire of www.HomeZu.com 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.