58 Railroad Street
58 Railroad Street
58 Railroad Street
58 Railroad Street
58 Railroad Street
58 Railroad Street
58 Railroad Street
58 Railroad Street
58 Railroad Street
58 Railroad Street
58 Railroad Street
58 Railroad Street
58 Railroad Street
58 Railroad Street
58 Railroad Street
58 Railroad Street
58 Railroad Street
58 Railroad Street
58 Railroad Street
58 Railroad Street
58 Railroad Street
58 Railroad Street
58 Railroad Street
58 Railroad Street
58 Railroad Street
58 Railroad Street
58 Railroad Street
58 Railroad Street
58 Railroad Street
58 Railroad Street
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$350,000

58 Railroad Street

8 Beds 4 Baths 3,752 Sq.Ft.

Description

Opportunity awaits! This building suffered 1st floor damage from the flood, had a mitigation company in within 24 hours and the 1st floor is gutted down to the studs. The 2nd floor suffered no damage. Ideal for a contractor or someone looking for a project. Recent NOI was approx. $60K per year. This recently built 4 unit multi-family conveniently located in downtown Johnson. Each unit has an open floor plan for kitchen, dining, and living. 2 large closets on the main levels offer storage for your tenants. Upstairs you will find 2 well-appointed bedrooms and a full bath. Plenty of parking for your tenants. This property has a strong rental history, income, and comes with existing long-term tenants in place. Rent includes trash, plowing, water/sewer, and general maintenance. Tenants pay electric, internet, and cable. Heat is electric, but each unit has it's own Mitsubishi multi-zone, high-efficiency heat/AC unit. Each unit has its own. Each room has its own controls. Extremely powerful and efficient. Each unit also has washer/dryer hookups but there is a laundromat across the street if tenants prefer. SOLD AS IS.

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Location

58 Railroad Street, Johnson, VT 05656

Status

Sold

Property Amenities

Interior
Total Bedrooms: 8
Area & Lot
Lot Area 6,534 Sq.Ft.
Living area 3,752 Sq.Ft.
MLS® ID 4971315
Year Built 2017
School District Lamoille North
High School Lamoille UHSD #18
Middle School Lamoille Middle School
Elementary School Johnson Elementary School
Architecture Styles Apartment Building
Type Multi-Family
Status Sold
Exterior
Air conditioning Individual
Heat type Other, Electric
Water Source Public
Sewer Public
Lot Features City Lot
Roof Shingle
Finance
Sales Price $350,000
Real Estate Tax $9,175 yearly

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