188 Spring Street

Closed 3/29/22

Sold

Last Sold Price

$167,000

6 beds3 baths2,641 sqft

188 Spring St, St. Johnsbury, VT 05819

Multi FamilyProperty Type

0.17 acresLot Size

1900Year Built

$63/sq ftPrice per sq ft

Description

Investors take notice! If you're looking for an investment property that has great income potential than this triplex could be the one for you. The property is fully rented and in a very desirable location "on the hill" in St. Johnsbury. The location, strong rental history and solid CAP rate make it a perfect opportunity for some extra income. Apartment 1- 3 bedrooms with a full bath and a large living room that offers beautiful hardwood floors and lots of natural light. Apartment 2- 2 bedrooms with...Investors take notice! If you're looking for an investment property that has great income potential than this triplex could be the one for you. The property is fully rented and in a very desirable location "on the hill" in St. Johnsbury. The location, strong rental history and solid CAP rate make it a perfect opportunity for some extra income. Apartment 1- 3 bedrooms with a full bath and a large living room that offers beautiful hardwood floors and lots of natural light. Apartment 2- 2 bedrooms with a full bath, spacious living room, and pantry. Apartment 3 is a small, but cozy 1 bedroom and 3/4 bath unit. New propane heating system, hot water heater, replacement Harvey windows and freshly painted exterior siding. Occupants will also have the option to send their kids to Saint Johnsbury Academy ("among the best private schools in Vermont") free of charge! Division of Fire safety Inspection has been completed!

Sold By Tim Scott Real Estate

Listed by: Kara Koptiuch • Vermont Real Estate Company
Listed by: David Lawrence • Vermont Real Estate Company

Listing closed: 03/29/2022 12:00 AM • Source: New England Real Estate Network, MLS#: 4866860

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$1,275 per month

30 year fixed, 7.03% Interest

Principal and Interest

$892

Property Taxes

$384

HOA Dues

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Property Information for 188 Spring Street

Property Details

Taxes: $4,604 / year
MLS Type: Multi Family
County: Caledonia County
Parking: Driveway, On-Site
Water View: No
Waterfront Property: No
Zoning: Residential B

Building Information

Stories: 2
Residences: 3
Year Built: 1900
Lot Size: 0.17 AC / 7,405 SF

Summary

Location and General Information

Area Description: In Town, Neighborhood
City: St. Johnsbury

County: VT-Caledonia
Directions: 188 Spring Street St Johnsbury,VT. From Railroad Street/Maple Street intersection in St. Johnsbury take Maple Street towards Main Street, Turn right onto Main Street, Take your first left onto Winter Street, Take your second left onto Spring, 188.
Latitude: 44.421699957827109
Longitude: -72.022735387731558
Road Frontage: Yes
Seasonal: No
State: VT
Street Designation: Street
Zip: 05819

Taxes and HOA Information

SPAN Number: 558-176-12094
Tax - Gross Amount: $4,603.80

Tax Year: 2021
Taxes TBD: Unknown

School Information

School - District: St. Johnsbury School District
School - Elementary: St. Johnsbury Schools

School - Middle/Jr: St. Johnsbury Schools

Parking

Garage: No
Driveway: Dirt, Gravel

Property

Lot Information

Lot - Sqft: 7405.0
Lot Size Acres: 0.17

Road Frontage Length: 99.0
Square Feet Apx Finished Above Grade: 2641.0
Square Feet Apx Finished AG Source: Public Records
Square Feet Apx Finished Below Grade: 0.0
Square Feet Apx Finished BG Source: Public Records
Square Feet Apx Total: 3864.0
Square Feet Apx Total Finished: 2641.0
Square Feet Apx Unfinished Above Grade: 400.0
Square Feet Apx Unfinished AG Source: Public Records
Square Feet Apx Unfinished Below Grade: 823.0
Square Feet Apx Unfinished BG Source: Public Records
Water Body Access: No

Property and Assessments

Current Use: No
Property Class: Multi-Family

Easements: Yes
Flood Zone: No
Foundation: Concrete, Fieldstone, Other, Stone
PreConstruction: No
Surveyed: Unknown
Year Built: 1900

Utilities

Electric: Circuit Breaker(s)
Sewer: Public

Utilities: Gas - LP/Bottle
Total Electric Meters: 3
Separate Utilities: Yes

Interior and Exterior Features

Exterior Features

Color: white
Features - Exterior: Shed

Roads: Public
Roof: Shingle
Total Ranges: 3

Interior Features

Basement: Yes
Basement Access Type: Interior

Basement Description: Dirt Floor, Unfinished, Stairs - Basement
Total Full Baths: 2
Flooring: Carpet, Hardwood, Vinyl
Heat Fuel: Gas - LP/Bottle
Heating: Hot Water
Cooling: None
Total Refrigerators: 3
Total Rooms Above Ground: 9
Total Stories: 2
Total Water Heaters: 1

Multi Family

Income & Expenses Information

Gross Income: $29,700.00
Net Income: $16,657.00

Operating Expense Incl: Heat, Snow Removal, Trash, Water/Sewer
Operating Expense: $13,043

Multi-Family Information

Total Units: 3
Total 1 BR Units: 1

Total 2 BR Units: 1
Total 3+ BR Units: 1
Total Heat Units: 2

Unit Information

Unit 1

Unit 1 Baths: 1
Unit 1 Bedrooms: 3

Unit 1 Rental Agremnt: Yes
Unit 1 Lease Term: Month to Month
Unit 1 Rental Amt Freq: Monthly
Unit 1 Status: Month to Month
Unit 1 Apx Sqft: 744.0
Unit 1 Rooms: 5
Unit 1 Rental Amount: $1,025.00
Unit 1 Tenant Pays: Electric
Unit 1 Info: Ceiling Fan, Cooktop - Electric, Refrigerator

Unit 2

Unit 2 Lease Term: Month to Month
Unit 2 Baths: 1

Unit 2 Rooms: 4
Unit 2 Rental Agremnt: Yes
Unit 2 Status: Leased
Unit 2 Rental Amt Freq: Monthly
Unit 2 Apx Sqft: 700.0
Unit 2 Bedrooms: 2
Unit 2 Rental Amount: $900.00
Unit 2 Info: Ceiling Fan, Cooktop - Electric, Range - Electric, Refrigerator
Unit 2 Tenant Pays: Electric

Unit 3

Unit 3 Lease Term: Month to Month
Unit 3 Baths: 1

Unit 3 Rooms: 2
Unit 3 Rental Agremnt: Yes
Unit 3 Rental Amt Freq: Monthly
Unit 3 Status: Leased
Unit 3 Apx Sqft: 306.0
Unit 3 Bedrooms: 1
Unit 3 Rental Amount: $550.00
Unit 3 Tenant Pays: Electric

Rental

Rent Information

Total Leases: 3

Property History for 188 Spring Street

Date	Event & Source	Price	Appreciation
Mar 29, 2022	Sold New England Real Estate Network #4866860	$167,000	—
Feb 15, 2022	Pending New England Real Estate Network #4866860		—
Feb 7, 2022	Price Change New England Real Estate Network #4866860	$169,900	—
Aug 27, 2021	Withdrawn New England Real Estate Network #4866860		—
Jun 15, 2021	Listed (Active) New England Real Estate Network #4866860	$159,000	—

Date	Event & Source	Price
03/29/2022	Sold New England Real Estate Network #4866860	$167,000
02/15/2022	Pending New England Real Estate Network #4866860	—
02/07/2022	Price Change New England Real Estate Network #4866860	$169,900
08/27/2021	Withdrawn New England Real Estate Network #4866860	—
06/15/2021	Listed (Active) New England Real Estate Network #4866860	$159,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

188 Spring Street

Baths

3.5

Total Finished SqFt

2,641 SqFt

Above Grade Finished SqFt

2,641 SqFt

Stories

Lot Size

7,405 SqFt

Style

Triplex

Schools near 188 Spring Street

This home is within Saint Johnsbury School District.


Rating	School	Type	Grades	Distance
6/10	St. Johnsbury School	Public - Serves this home	PK to 12	0.4 mi
NR	Good Shepherd Catholic School	Private - Nearby school	PK to 8	0.1 mi
NR	Cornerstone School	Private - Nearby school	1 to 8	0.7 mi
NR	Caledonia Christian School	Private - Nearby school	1 to 9	0.8 mi


Rating	School	Distance
6/10	St. Johnsbury School PublicPK to 12 Serves this home	0.4 mi
NR	Good Shepherd Catholic School PrivatePK to 8 Nearby school	0.1 mi
NR	Cornerstone School Private1 to 8 Nearby school	0.7 mi
NR	Caledonia Christian School Private1 to 9 Nearby school	0.8 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Vermont Real Estate Company

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