Bought with Ashley St. Gelais • Preferred Properties
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32 St Johns ST Johnson, VT 05656
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Key Details
Sold Price $155,500
Property Type Multi-Family
Sub Type Apartment Building
Listing Status Sold
Purchase Type For Sale
Square Footage 2,889 sqft
Price per Sqft $53
MLS Listing ID 4673828
Sold Date 05/22/18
Style Apartment Building
Bedrooms 5
Full Baths 3
Construction Status Existing
Year Built 1850
Annual Tax Amount $4,287
Tax Year 2018
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Apartment Building
Property Description
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.
Location
State VT
County Vt-lamoille
Area Vt-Lamoille
Zoning Residential
Rooms
Basement Entrance Walk-up
Basement Apartments, Bulkhead, Slab, Stairs - Interior
Interior
Heating Gas - LP/Bottle
Cooling None
Flooring Carpet, Combination, Laminate
Exterior
Exterior Feature Vinyl Siding
Garage Description Off Street, On-Site
Roof Type Metal
Building
Lot Description Rental Complex
Story 2
Foundation Concrete
Sewer Public
Water Public
Construction Status Existing
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