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Listed by Trombley & Day Group • BHHS Vermont Realty Group/Morrisville-Stowe
$ 725,000
Est. payment | /mo
12 Beds
6,249 SqFt
$ 725,000
Est. payment | /mo
12 Beds
6,249 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,249 sqft
Price per Sqft $116
MLS Listing ID 5074718
Bedrooms 12
Construction Status Existing
Year Built 1900
Annual Tax Amount $12,352
Tax Year 2025
Lot Size 0.500 Acres
Acres 0.5
Property 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!
Location
State VT
County Vt-lamoille
Area Vt-Lamoille
Zoning Village
Rooms
Basement Entrance Walkout
Basement Unfinished, Walkout
Interior
Cooling None
Exterior
Utilities Available Cable
Roof Type Metal
Building
Story 2
Sewer Public
Architectural Style Multi-Family
Construction Status Existing
Schools and Properties Nearby
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