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76 Vt Route 100c, Johnson, VT 05656

6 Bed, 3 Bath Multi-Family Home For Sale

76 Vt Route 100c, Johnson, VT 05656 House For Sale - MLS #4735034
$175,000
6
3
Multi-Family
3 Family
This listing is courtesy of Ashley St. Gelais from Preferred Properties

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Property Description for 76 Vt Route 100c, Johnson, VT 05656

Start or add to your investment portfolio with this newly updated three-unit property with the option for a brand-new construction of a fourth unit. You'll love the potential of a cash on cash return of 25% with a CAP rate of 11%. With (1) one bedroom, (1) two bedroom, and (1) three bedroom unit (currently under rented at $850 - could easily by $1,100/month), this property has spacial options for everyone! It is the perfect owner-occupied property with the one bedroom unit offering a separate entrance on the opposite side of the building or a great investment opportunity to earn income from three separate units (with the choice to add a fourth). The property has separate fuel tanks and electric meters saving you the expense of covering this as the owner! With newly updated windows, a new hot air heating system, and Rinnai heaters in two of the units, tenants stay comfortable and warm during the long Vermont winters. Looking for a little more land? The sale of this property is for the building and .2 acres , it does not include the lot. At this price the property will be conveyed as a 3 unit property. For a purchase price of $200K an additional 1 BR APT will be completed in the attached garage. This offers the potential of a 35% cash on cash return. There is an additional .1 acre lot behind this property that can be added to the purchase. This additional lot has already been zoned for a 3-bedroom house or 3 (1) bedroom units for even more investment potential!

Interior Details

2,225 sq. ft.
$78.65/sq. ft.
11
Public
Public

Exterior Details

0.20 acres
8,712 sq. ft.
2
Off Street
Wood Frame
Stone

Other Details

4735034
1877
$2,300

Units Description

Unit #1
Rooms: 3      Living Area: 539 sq. ft.      Bedrooms: 1      Full / Half Baths: 1      Rent: $600     
Interior Features : Appliances Included; Co Detector; Cooktop - Electric; Heat; Refrigerator; Water Heater

Unit #2
Rooms: 3      Living Area: 775 sq. ft.      Bedrooms: 2      Full / Half Baths: 1      Rent: $850     
Interior Features : Co Detector; Cooktop - Electric; Range - Gas; Refrigerator; Smoke Detector

Unit #3
Rooms: 5      Living Area: 1,038 sq. ft.      Bedrooms: 3      Full / Half Baths: 1      Rent: $850     

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Monthly Mortgage Payments

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$1,107

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