NOT LISTED FOR SALE

14 School St Johnson, VT 05656

12 Beds
16 Baths
9,862 Sq Ft
0.69 Acres

Last Sold May 06, 2022

Last sale price $1,575,000 $160 Per Sq Ft

8 Days on Market

Highlights

  • Corner Lot
  • High Speed Internet
  • Wood Siding

About This Home

As of May 2022

Great income potential with this multifamily apartment complex located in Johnson, VT. Sixteen recently renovated and fully leased units located just down the street from Northern Vermont University! There are three buildings total, consisting of 7 units, 8 units and 1 unit with a laundry room. All together there are six 1 bedroom apartments and eleven 2 bedroom apartments. These units have a strong rental history in a highly desirable location, close to all the village amenities, schools and the NVU campus. Vacancies don't last long! Includes a newly renovated 2 bedroom stand alone building with attached coin operated laundry room shared by all tenants and which offers additional income. Please allow at least 72 hours advance notice for showings to provide enough time to notify the tenants. Detailed income and expenses available to qualified, interested parties.

Last Agent to Sell the Property

Kelley Ruane

Mink Realty License #082.0134702 Listed on: 02/01/2022

Co-Listed By

Graham Mink

Mink Realty License #081.0134048

Last Buyer's Agent

Mikail Stein

RE/MAX North Professionals License #082.0093313

RE/MAX North Professionals

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 0.69 Acre Lot
  • Corner Lot
  • Level Lot

Home Design

  • Stone Foundation
  • Poured Concrete
  • Foam Insulation
  • Metal Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 16 Full Bathrooms
  • 9,862 Sq Ft Home
  • 2-Story Property

Unfinished Basement

  • Connecting Stairway
  • Interior Basement Entry

Parking

  • 1,120 Car Parking Spaces
  • Gravel Driveway
  • On-Site Parking
  • Off-Street Parking

Schools

  • Johnson Elementary School
  • Lamoille Middle School
  • Lamoille Uhsd #18 High School

Utilities

  • Heating System Uses Gas
  • Net Metering or Smart Meter
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • 16 Units
  • Gross Income $165,294

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building, Multi-Family
  • Directions: Three separate buildings included in the sale. 14 School St, 36 School St and 46 School St. All located next to each other on the corner of School St and Pearl St in Johnson.
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 159.7
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 11110
  • Sq Ft - Apx Total Finished: 9862
  • Year Built: 1900
  • List Agent: 287420
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Rooms Above Ground: 43
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete, Concrete Floor, Insulated, Stairs - Interior, Unfinished
  • Sq Ft - Apx Finished AG: 9862
  • Sq Ft - Apx Unfinished BG: 1248

Exterior Features

  • Construction: Insulation-Foam
  • Driveway: Gravel
  • Exterior: Vinyl Siding, Wood
  • Foundation: Poured Concrete, Stone
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Metal
  • Easements: Unknown

Garage/Parking

  • Parking: Driveway, Off Street, On-Site, Parking Spaces 11 - 20

Utilities

  • Electric: Net Meter
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Heating Fuel: Gas - LP/Bottle
  • Heating: Gas Heater - Vented
  • Separate Utilities: Varies
  • Total Electric Meters: 18
  • Total Heat Units: 16
  • Total Ranges: 16
  • Total Refrigerators: 16
  • Trash: Dumpster
  • Utilities: Cable - Available, High Speed Intrnt -Avail

Fee Information

  • Tax Class: Non-Homestead

Schools

  • Elementary School: Johnson Elementary School
  • High School: Lamoille UHSD #18

Lot Info

  • Lot Sq Ft: 30056
  • Land Gains: To Be Determined
  • Lot Acres: 0.69
  • Lot Description: Corner, Level, Rental Complex, Street Lights
  • Surveyed: Unknown
  • Deed Book: 150
  • Deed Page: 137, 138
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 165294
  • Total Full Baths: 16
  • Total Units: 16
  • Total1 Bedroom Units: 6
  • Total2 Bedroom Units: 10

Tax Info

  • Taxes TBD: Yes

MLS Schools

  • School District: Johnson School District
  • School Middle Jr: Lamoille Middle School

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2022 05/06/22 Sold $1,575,000 -4.5% $160 / Sq Ft
02/09/2022 02/09/22 Pending -- -- --
02/01/2022 02/01/22 For Sale $1,650,000 -- $167 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $21,224 $757,200 $50,700 $706,500
2023 $11,746 $757,200 $50,700 $706,500
2022 $17,972 $757,200 $50,700 $706,500
2021 $8,961 $364,100 $20,200 $343,900
2020 $8,955 $364,100 $20,200 $343,900
2019 $7,702 $308,300 $46,200 $262,100
2018 $7,318 $308,300 $46,200 $262,100
2017 $6,800 $308,300 $46,200 $262,100
2016 $6,663 $308,300 $46,200 $262,100
2015 -- $3,083 $0 $0
2014 -- $3,083 $0 $0
2013 -- $3,083 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4896797

PrimeMLS