Multi-Units

MLS Number 4654195

• Multifamily Multi-Family
• Units 5
• Village Johnson
• Bathroom 5
• Acreage 0.51

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.

Listed by Ashley St. Gelais of Preferred Properties

Preferred Properties
2004 Williston Road
South Burlington VT, 05403
Office: 802-862-9106

Name

Your Email Address

Phone

Your Questions & Comments I have a question about the property at 140 Vt Route 100c, Johnson, VT 05656 (#4654195).

Do not fill in this field:

Save FavoriteSchedule A VisitAsk A QuestionMore Details

MLS Number 4635812

• Multifamily Multi-Family
• Units 3
• Bathroom 3
• Acreage 0.16
• Square Feet 2640

All units are leased in this completely renovated historic 1800's brick building and extremely profitable 3 unit apartment building is THE next piece to your investing puzzle-regardless if you are planning to owner occupy or own as an investment property. These numbers are out of this world, when fully leased out it can earn over $1,000/month. This is a 24% cash on cash return on your investment! Cap rate is over 12%! Try finding these types of returns on any other investment. As an owner-occupied income property, with the right low down payment mortgage program, you could live for free - and save so much cash. This property has amazing historical performance and current owner has indicated they have had little problem finding renters. No detail has been overlooked as this property has been renovated to make ownership headache free for future owner. Renovations of each unit are now complete and ALL UNITS ARE NOW LEASED! Ease of ownership throughout with convenient updated vinyl windows, hand hewn timber framing, new carpet, updated appliances and countertops, the spacious, coveted 2 BR apartment. This unit also features washer/dryer hook ups and a jetted tub. It's the crown jewel of this property and is currently rented at $1,150/month. 2&3 each rent for $775, a total of $2,700/month. This apartment building has been converted to efficient natural gas heat. Each unit has good storage and tenant pays for electricity, trash and cable/internet.

Listed by Ashley St. Gelais and Barb Trousdale, The Barb Trousdale Team of Preferred Properties

Preferred Properties
2004 Williston Road
South Burlington VT, 05403
Office: 802-862-9106

Name

Your Email Address

Phone

Your Questions & Comments I have a question about the property at 67 Main, Enosburg, VT 05450 (#4635812).

Do not fill in this field:

Save FavoriteSchedule A VisitAsk A QuestionMore Details