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!
Live in one unit and let the other help offset your expenses. This Johnson Village property offers two separate dwellings on one parcel, set on a quiet dead-end road with Lamoille River frontage and convenient access to village amenities. One unit is currently rented at $1,150/month with the tenant covering utilities, providing immediate income. The second unit is vacant and fully functional for occupancy, offering a comfortable space to move into right away while leaving room for updates over time. The main home has seen substantial post-2023 improvements and includes two bedrooms, one bath, a bonus room, laundry area, and open living space, along with a full basement for storage. The second dwelling features a two-bedroom, one-bath apartment on the upper level with a private entrance and deck overlooking the river, plus a large unfinished lower level suitable for storage, workshop, or other uses. This property presents a practical opportunity for an owner-occupant seeking flexibilityâ??live in one unit, generate income from the other, and make improvements at your own pace. Seller to contribute up to $7,000 toward buyerâ??s closing costs, subject to offer terms.Also Listed as Single Family MLS #5067934 Virtual Staging Disclosure: Some photos have been virtually staged to illustrate the homeâ??s potential and room scale. Original, unstaged photos are also included for reference.
Incredible investment opportunity in Johnson! This duplex has a proven rental history with excellent earnings and future potential. Each unit is large and roomy: The main level unit has three bedrooms, and the newly renovated second-floor apartment boasts four bedrooms. On town water & septic, this low-maintenance property is a great chance for an investor or a homeowner who would like to supplement their earnings and create cash flow. With a terrific track record, this building is an affordable rental in a tight housing market, and with plenty of space for occupants. This property is a solid addition to anyone's investment portfolio!
Johnson is located in Vermont. Johnson, Vermont has a population of 3,552. Johnson is less family-centric than the surrounding county with 26.07% of the households containing married families with children. The county average for households married with children is 26.53%.
The median household income in Johnson, Vermont is $47,717. The median household income for the surrounding county is $66,016 compared to the national median of $69,021. The median age of people living in Johnson is 28.7 years.
The average high temperature in July is 79.3 degrees, with an average low temperature in January of 2.6 degrees. The average rainfall is approximately 43.4 inches per year, with 100.7 inches of snow per year.
