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$725,000

59 & 78 Railroad Street
Johnson, VT 05656
Listed by Trombley & Day Group · BHHS Vermont Realty Group/Morrisville-Stowe
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1900

About this home

Fantastic & unique chance to own two established rental properties in a convenient location! This is an excellent investment opportunity calculated on an 8% cap rate. These two buildings with a total of 9 apartments sit across the road from each other and have been meticulously maintained by the current owners. 59 Railroad St boasts 5 units, and 78 Railroad St offers 4 units, all with a solid rental history. Each unit has undergone complete renovations through the years, expanding upon the efficiency and highlighting the care that the sellers have for their tenants. In a terrific, convenient area just short distance from Johnson Village, both buildings are in a prime location. The current tenants would greatly appreciate staying on with any new owner. Taking on ownership of these two properties is sure to be a smart addition to anyone's investment portfolio. This is the perfect time to build upon your future!

Property details

MLS #
5074718
Property type
Residential Income
Subdivision
N/A
Status
Active
Days on market
202
On market date
N/A
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.5 acres

Location

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Est. monthly payment
$4,516/mo
$145,000 down
$580,000 loan
Principal & interest$3,762
Property tax (est.)$604
Home insurance (est.)$150

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