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140 Vt Route 100c, Johnson, VT 05656

8 Bed, 4 Bath Multi-Family Home For Sale

140 Vt Route 100c, Johnson, VT 05656 House For Sale - MLS #4654195
$240,000
8
4
Multi-Family
5+ Family
5
This listing is courtesy of Ashley St. Gelais from Preferred Properties

Property Description for 140 Vt Route 100c, Johnson, VT 05656

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).

Interior Details

3,284 sq. ft.
$73.08/sq. ft.
17
Public
Public

Exterior Details

0.51 acres
22,216 sq. ft.
2
1 Garage Spaces
Driveway; Garage; Off Street; On-Site; Parking Spaces 6+; Unassigned; Visitor
Stone

Other Details

4654195
1880
$2,750

Units Description

Unit #1
Rooms: 6      Bedrooms: 3      Full / Half Baths: 1      Rent: $750     
Interior Features : Appliances Included; Co Detector; Cooktop - Electric; Heat - Gas; Refrigerator; Smoke Detector

Unit #2
Rooms: 3      Bedrooms: 1      Full / Half Baths: 1      Rent: $600     
Interior Features : Appliances Included; Co Detector; Cooktop - Electric; Smoke Detector

Unit #3
Rooms: 4      Bedrooms: 2      Full / Half Baths: 1      Rent: $650     
Interior Features : Co Detector; Cooktop - Electric; Heat - Gas; Range - Electric; Smoke Detector

Unit #4
Rooms: 4      Bedrooms: 2      Full / Half Baths: 1      Rent: $750     
Interior Features: Co Detector; Cooktop - Electric; Heat - Gas; Range - Electric; Smoke Detector

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