Multi-Units

MLS Number 4674760

• 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 of Preferred Properties

Preferred Properties
147 Knight Lane
Williston VT, 05495
Office: 802-862-9106

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MLS Number 4673828

• Multifamily Multi-Family
• Units 3
• Village Johnson
• Bathroom 3
• Acreage 0.23

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.

Listed by Ashley St. Gelais of Preferred Properties

Preferred Properties
147 Knight Lane
Williston VT, 05495
Office: 802-862-9106

Name

Your Email Address

Phone

Your Questions & Comments I have a question about the property at 32 St Johns, Johnson, VT 05656 (#4673828).

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