NOT LISTED FOR SALE

286 Railroad St Johnson, VT 05656

15 Beds
-- Bath
8,289 Sq Ft
1 Acres

Last Sold September 30, 2022

Last sale price $865,000 $104 Per Sq Ft

30 Days on Market

About This Home

As of September 2022

A wonderful and established investment opportunity in the heart of Johnson! This multi-family property consists of three buildings and a total of 11 units. Located on Railroad Street, everything that Johnson Village has to offer is within walking distance. A quick approximate 100 yards from the biking rail trail, this property has attracted many nature loving and active outdoor type tenants over the years- it's the perfect spot for the outdoor enthusiast! With a large backyard on the shoreline of the Lamoille River, there is access for kayaking, tubing, swimming and fishing, as well as postcard views where the Lamoille converges with the Gihon River. All units have been remodeled and/or upgraded in the fourteen years that the sellers have owned it. Improvements to the property include roofing upgrades, vinyl siding, laundry room appliance upgrades, sewer line replacement, hot water heaters replaced, a new oil tank in unit 2, extended/enlarged decks on 3 units, and security cameras installed in the parking lot. This property has a strong rental history and is the perfect opportunity to own a proven investment. Building 1 was built in approximately 1900; buildings 2 & 3 in 1988 & 1991, respectively.

Last Agent to Sell the Property

Trombley & Day Group

BHHS Vermont Realty Group/Morrisville-Stowe License #081.0004093 Listed on: 06/13/2022

BHHS Vermont Realty Group/Morrisville-Stowe

Last Buyer's Agent

Trombley & Day Group

BHHS Vermont Realty Group/Morrisville-Stowe License #081.0004093 Listed on: 06/13/2022

BHHS Vermont Realty Group/Morrisville-Stowe

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,418

Year Built

  • Built in 1900

Lot Details

  • 1 Acre Lot
  • Lot Sloped Up

Parking

  • Paved Parking

Home Design

  • Wood Frame Construction

Interior Spaces

  • 8,289 Sq Ft Home
  • 2-Story Property

Unfinished Basement

  • Walk-Out Basement
  • Partial Basement

Utilities

  • Baseboard Heating
  • Heating System Uses Oil
  • Heating System Mounted To A Wall or Window
  • Phone Available
  • Cable TV Available

Community Details

Overview

  • 11 Units

Building Details

  • Operating Expense $52,473
  • Gross Income $107,229
  • Net Operating Income $54,756

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,418

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: From Vermont Route 15 in the Center of Johnson village towards Hyde Park: Turn right onto Railroad St. Properties are just before the bridge on the right.
  • Flood Zone: Yes
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 104.36
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 8289
  • Sq Ft - Apx Total Finished: 8289
  • Year Built: 1900
  • List Agent: 283446
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Partial, Slab, Unfinished
  • Sq Ft - Apx Finished AG: 8289

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Road Frontage: TBD
  • Roads: Paved, Public

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Heating Fuel: Electric, Oil
  • Heating: Baseboard, Wall Units
  • Utilities: Cable, Phone

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 43560
  • Lot Acres: 1
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: no zoning
  • Deed Book: 145
  • Deed Page: 87
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 107229
  • Net Income: 54756
  • Total Units: 11
  • Total1 Bedroom Units: 2
  • Total2 Bedroom Units: 8

Tax Info

  • Tax Gross Amount: 14417.53
  • Tax Year: 2022

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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Average Value
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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
09/30/2022 09/30/22 Sold $865,000 -3.4% $104 / Sq Ft
07/13/2022 07/13/22 Pending -- -- --
06/13/2022 06/13/22 For Sale $895,000 -- $108 / 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: 4915303

PrimeMLS