NOT LISTED FOR SALE

140 Vt Route 100c Johnson, VT 05656

11 Beds
5 Baths
3,284 Sq Ft
0.51 Acres

Last Sold January 02, 2019

Last sale price $217,500 $66 Per Sq Ft

403 Days on Market

Highlights

  • Covered Patio or Porch
  • Double Pane Windows
  • Space Heater
  • 1 Car Detached Garage
  • Baseboard Heating
  • Carpet

About This Home

As of January 2019

Interested in investing in Real Estate? But don't know how? We'll show you in our bi monthly #REfreedom Rental Income Workshop. RSVP here: www.meetup.com/RealEstateFreedom 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).

Last Agent to Sell the Property

Ashley St. Gelais

Preferred Properties Brokerage Phone: 802-862-9106 License #082.0117313 Listed on: 08/17/2017

Last Buyer's Agent

Susan Martin

Century 21 Martin & Associates Real Estate License #081.0003975

Century 21 Martin & Associates Real Estate

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1880

Lot Details

  • 0.51 Acre Lot
  • Lot Sloped Up

Parking

  • 1 Car Detached Garage
  • Stone Driveway
  • Visitor Parking
  • Off-Street Parking
  • Unassigned Parking

Home Design

  • Stone Foundation
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 5 Full Bathrooms
  • 3,284 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows

Flooring

  • Carpet
  • Laminate
  • Vinyl

Basement

  • Walk-Out Basement
  • Dirt Floor

Outdoor Features

  • Covered Patio or Porch
  • Outbuilding

Schools

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

Utilities

  • Space Heater
  • Baseboard Heating
  • Heating System Uses Gas
  • Separate Meters
  • Individual Controls for Heating
  • Electric Water Heater

Community Details

Overview

  • 5 Units

Building Details

  • 5 Separate Gas Meters
  • Gross Income $39,000

Property Details

Home Type

Apartment

Year Built

Built in 1880

Lot Details

0

Parking

1

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building
  • Directions: Heading east on Route 15 head through Johnson Village. Take a left onto VT Route 100C (also known as Stearns Street). The large white property will be on the right side of the road. Pull into the parking lot in between the building and the 2 car garage.
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 66.23
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3284
  • Sq Ft - Apx Total Finished: 3284
  • Year Built: 1880
  • Remarks Public: 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).
  • List Agent: 26065
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Combination, Carpet, Laminate, Vinyl
  • Total Rooms Above Ground: 21
  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Dirt Floor
  • Sq Ft - Apx Finished AG: 3284

Exterior Features

  • Driveway: Crushed Stone
  • Exterior: Vinyl
  • Foundation: Stone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Metal
  • Features Exterior: Natural Shade, Outbuilding, Porch - Covered, Windows - Double Pane

Garage/Parking

  • Garage Capacity: 1
  • Parking: Driveway, Garage, Off Street, On-Site, Parking Spaces 6+, Unassigned, Visitor
  • Garage: Yes
  • Garage Type: Detached

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: Bournes Propane
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Heating Fuel: Electric, Gas - LP/Bottle
  • Heating: Baseboard, Electric, Individual, Space Heater
  • Electric Company: Vermont Electric Company
  • Separate Utilities: Yes
  • Total Electric Meters: 6
  • Total Gas Meters: 5
  • Total Heat Units: 5
  • Total Ranges: 5
  • Total Refrigerators: 5
  • Total Water Heaters: 5
  • Trash: Owner

Fee Information

  • Tax Class: Non-Homestead

Schools

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

Lot Info

  • Village/District/Locale: Johnson
  • Lot Sq Ft: 22216
  • Lot Acres: 0.51
  • Lot Description: Rental Complex
  • Zoning: No zoning.
  • Deed Book: 106
  • Deed Page: 110
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 39000
  • Sale Includes: Building, Garage
  • Total Full Baths: 5
  • Total Units: 5
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 2
  • Total3 Plus Bedroom Units: 2

Tax Info

  • Tax Year Notes: 17/18
  • Tax Gross Amount: 5485.8
  • Tax Year: 2017

MLS Schools

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

Range of Values:

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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
01/02/2019 01/02/19 Sold $217,500 -3.3% $66 / Sq Ft
09/24/2018 09/24/18 Pending -- -- --
07/27/2018 07/27/18 Price Changed $225,000 -6.3% $69 / Sq Ft
11/29/2017 11/29/17 Price Changed $240,000 -5.9% $73 / Sq Ft
11/02/2017 11/02/17 Price Changed $255,000 -7.3% $78 / Sq Ft
08/17/2017 08/17/17 For Sale $275,000 -- $84 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4654195

PrimeMLS