Together with the neighboring town of Cambridge, the town of Johnson, Vermont was dubbed King’s College Tract prior to the Revolutionary War, which continues to grow as a bustling hub of culture and commerce. Johnson, VT is an excellent place to set up shop or set down roots, as more young professionals and families move here for the opportunities and the small-town life. Gorgeous historic architecture dots the town, surrounded by forests and hills that change with the seasons. Johnson, VT also has Johnson State College and Vermont Studio Center, as if the scenery, strong small business community, and real estate values weren’t enough to make you want to live here.
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.
Three Building Mixed-Use Portfolio: This offering consists of a 2 unit residential building located a 68 Lower main, a 3 unit residential building located a 66 Lower Main and a 6 unit mixed-use retail and residential building located at 50 Lower Main. All the units are leased and these properties have along rental history. The lot has potential for an additional building and permits are in place to convert the current barn to a single unit residential space. Explore the benefits of a project located in a designated Village Center while enjoying an already income producing property. The buildings share common access and must be sold as a package. 48 hour notice is required to tour the property. Financial information available upon request.
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