59 & 78 Railroad Street,Johnson, VT 05656
Johnson, VT 05656
Description
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!
Details
| MLS # | 5074718 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | (10) Active - Active |
| Year | 1900 |
| Days On Site | 211 |
| Listing Provided By | BHHS Vermont Realty Group/Morrisville-Stowe | Trombley & Day Group |
Features
| Basement | Y |
|---|---|
| Story(s) | 2 |
| Units | 9 |
| Zoning | Village |
| Acreage | 0.50 |
Interior
| Cooling | None |
|---|---|
| Heating | Propane, Baseboard |
Exterior
| Roof | Metal |
|---|---|
| Construction Materials | Wood Frame |
| Foundation Details | Stone |
| Lot Features | In Town |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Utilities | Cable |
|---|---|
| Electric | Circuit Breakers |
| Sewer | Public Sewer |
Taxes
| Tax Annual Amount | 12352.91 |
|---|---|
| Tax Year | 2025 |
Area Information
| State | VT |
|---|---|
| County | Lamoille |
| City | Johnson |
| Zip Code | 05656 |
| Area | VT Lamoille |
| Listing VS Median (in 05656) | |
Price: $725,000 low | high Med: $0 On site: 211 low | high Med: | |
Market Activity 05656
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Learn More About This Property
| State | VT |
|---|---|
| County | Lamoille |
| City | Johnson |
| Zip Code | 05656 |
| Area | VT Lamoille |
| Listing VS Median (in 05656) | |
Price: $725,000 low | high Med: $0 On site: 211 low | high Med: | |
