140 Vt Route 100cJohnson, VT 05656MLS Number 4654195

  • Price: $240,000
  • Est. Mortgage of $/month
  • 123 Days on Market
$
$
%
$/month over payments
Federal 30-year interest rate: 4.03% last updated on Jul 13, 2017
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.51Acreage
  • 5Bathroom
  • 1880Year Built
  • 3284Square Feet

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). Project on garage and Reno of unit #1 to be completed by mid September.

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Geri Reilly Real Estate
Office: 802.862.6677
340 Dorset Street
Suite 4
South Burlington, VT 05403

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Listed by Ashley St. Gelais of Preferred Properties

More Info

Location Information

  • Elementary SchoolJohnson Elementary School
  • High SchoolLamoille UHSD #18
  • Junior HighLamoille Middle School

Location

  • StreetVt Route 100c
  • Building Number140
  • VillageJohnson
  • TownJohnson
  • Zip05656
  • CountyLamoille
  • Flood Zone Y/NNo
  • Lot DescriptionIn Town, Near Shopping, Village Rental Complex
  • StateVT

Exterior

  • ExteriorVinyl
  • RoofMetal
  • Exterior ColorWhite

Amenities

  • Exterior AmenitiesNatural Shade, Outbuilding, Porch - Covered, Windows - Double Pane
  • Parking Spaces1

Other

  • Broker NamePreferred Properties
  • Agent NameSt. Gelais
  • Operating ExpensesGarbage, Insurance, Snow Removal, Water/Sewer
  • TrashOwner
  • bloggingYes
  • Page110
  • Book106
  • Delayed ShowingsNo
  • Number of Photos40
  • View Count6

Basic Information

  • # of 1 Bedrooms1
  • # of 2 Bedrooms2
  • # of 3 Bedrooms2
  • StatusACT
  • Units5

Property

  • ZoningNo zoning.
  • Road Frontage150
  • Acreage0.51
  • APX Fin AG Sqft3284
  • FoundationStone
  • Heat FuelElectric, Gas - LP/Bottle
  • Property TypeMulti-Family
  • RoadsPublic
  • Square Feet3284

Utilities

  • ElectricCircuit Breaker(s)
  • WaterPublic
  • Heat SystemBaseboard, Electric, Individual, Space Heater
  • SewerPublic

Basic Information

  • Date Listed08/17/2017
  • List Price$240,000
  • MLS Number4654195
  • Seasonal Y/NNo

Building

  • Bathroom5
  • Total Baths5
  • Year Built1880
  • Water HeaterElectric
  • BasementDirt Floor
  • FloorsCarpet, Combination, Laminate, Vinyl
  • StyleApartment Building
  • Unit 1 Bath1
  • Unit 1 Bedrooms3
  • Unit 1 Floor Location2
  • Unit 1 Total Rooms6
  • Unit 2 Bath1
  • Unit 2 Bedrooms1
  • Unit 2 Total Rooms3
  • Unit 3 Bath1
  • Unit 3 Bedrooms2
  • Unit 3 Total Rooms4
  • Unit 4 Total Rooms4
  • Unit 5 Baths1
  • Unit 5 Bedrooms3

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