Listing Provided Courtesy Of:
Ashley St. Gelais with Preferred Properties.

$240,000 140 Vt Route 100c Johnson, VT

MLS: 4654195   Type: Multi-Family   County: Lamoille   City: Johnson   Area: Lamoille   Zip: 05656   Style: Apartment Building   # Rooms: 22    Stories: 2   Taxes: $5,485

Mortgage $1,127 /mo



Half Baths

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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).

Elementary School

Middle School

High School

Distance: N/A Miles
Distance: 3.11 Miles
Lamoille Uhsd #18
Distance: N/A Miles

Price History

8/17/2017 Listed $275,000
11/2/2017 8% - $255,000
11/29/2017 6% - $240,000

Area Description In Town, Near Shopping, Village
Construction Other
Construction Status Existing
Elementary School Johnson Elementary School
High School Lamoille UHSD #18
Middle School Lamoille Middle School
School District Johnson School District
Total Heat Units 5
Total Rooms Above Ground 21
Trash Owner
Type Multi-Family
Unit 1 Level Number 2
Unit 2 Level Number 1
Unit 3 Level Number 1
Unit 4 Level Number 1
Unit 5 Info CO Detector, Cooktop - Electric, Heat - Gas, Range - Electric, Refrigerator, Smoke Detector
Unit 5 Level Number 2
Village/dist/locale Johnson
Zoning No zoning.

Interior Features

Basement Yes
Basement Access Type Walkout
Basement Description Dirt Floor
Cooling None
Electric Circuit Breaker(s)
Flooring Carpet, Combination, Laminate, Vinyl
Heating Baseboard, Electric, Individual, Space Heater
Heating Fuel Electric, Gas - LP/Bottle
Sqft-apx Fin Above Grade 3284
Sqft-apx Fin Below Grade 0
Sqft-apx Total 3284
Sqft-apx Total Finished 3284
Sqft-apx Unfn Above Grade 0
Sqft-apx Unfn Below Grade 0
Total 1 Br Units 1
Total 2 Br Units 2
Total 3+ Br Units 2
Total Number of Units 5
Total Ranges 5
Total Refrigerators 5
Total Water Heaters 5
Unit 1 Info Appliances Included, CO Detector, Cooktop - Electric, Heat - Gas, Refrigerator, Smoke Detector
Unit 1 Rooms 6
Unit 2 Info Appliances Included, CO Detector, Cooktop - Electric, Smoke Detector
Unit 2 Rooms 3
Unit 3 Info CO Detector, Cooktop - Electric, Heat - Gas, Range - Electric, Smoke Detector
Unit 3 Rooms 4
Unit 4 Info CO Detector, Cooktop - Electric, Heat - Gas, Range - Electric, Smoke Detector
Unit 4 Rooms 4
Unit 5 Baths 1
Unit 5 Bedrooms 3
Unit 5 Rooms 5
Water Heater Electric

Exterior Features

Driveway Crushed Stone
Exterior Vinyl
Exterior Features Natural Shade, Outbuilding, Porch - Covered, Windows - Double Pane
Foundation Stone
Garage Yes
Garage Capacity 1
Garage Type Detached
Lot Description Rental Complex
Lot Size Area 0.51
Parking Driveway, Garage, Off Street, On-Site, Parking Spaces 6+, Unassigned, Visitor
Road Frontage Yes
Road Frontage Length 150
Roads Public
Roof Metal
Sewer Public
Total Gas Meters 5
Unit 5 Style Rent could be $1, 050.
Water Public

Property Schools

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Gallery (40 photos)

Listing Provided Courtesy Of:
Ashley St. Gelais with Preferred Properties.

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Property vs Zip Code Avg (05656)

Price 240K Avg 154K

Sqr Feet 3,284 Avg 2,740

Cost / Sqr Ft $73 Avg $56

Taxes $5,485 Avg $3,679

Acres 0.51 Avg 1.61

Visits 5 Avg 11

Days on Site 245 Avg 308

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Listing Provided Courtesy Of: Ashley St. Gelais with Preferred Properties.

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Location & Address

John Abry
875 Roosevelt Highway, Suite 210
Colchester, VT