Located at the corner of Main and Church Streets in uptown St. Johnsbury this 46 unit apartment complex couldn't be any handier for folks who want to walk to all the amenities that the town has to offer. Many churches are close by as are the Fairbanks Museum of Natural Science, the St. Johnsbury Athenaeum and Art Gallery, St. Johnsbury Academy with its Art Center and Field House, the St. Johnsbury Senior Center, and other attractions. The fully sprinklered brick structure with elevator has 5 floors of apartments (9 on each floor) and a full basement that is about half finished and has a community room, one apartment and a former dormitory with separate entrance that has 6 bedrooms and 6 bathrooms. That area needs some attention. The roof, the windows, the elevator, and the sprinkler heads have all been replaced in the last 20 years. All floors in the building are hardwood, and the present owner has implemented a system of removing carpets and refinishing the hardwood floors. The project is about 1/3 complete. The apartment descriptions above are for the first floor units. Each floor is nearly identical so consider each floor the same. The property is smoke free, and there is a landscaped courtyard. The income indicated is for the 42 units currently rented. The expenses are the 2023 expenses with a 6% estimated increase since 2024 expenses are not yet available.
Operating Expenses : Heat,Insurance,Maintenance,Other,Snow Removal,Trash,Utilities,Water/Sewer
Annual Expenses
Taxes: $45,689
Income
Gross Income | $544,980
NetIncome | $283,697
Appliances : Water Heater – Oil | Water Heater – Owned
Construction: Other | Brick Exterior
Year Built: 1928
Style: Apartment Building
Floors | Stories: 4+
No. Elevators:
Total Sq.Ft. Finished: 46155
Above Grade Sq.Ft.: 38465
Below Grade Sq.Ft.: 3850
Basement: Climate Controlled | Concrete | Concrete Floor | Partially Finished | Stairs - Exterior | Stairs - Interior | Storage Space | Exterior Access
Foundation size See attached sketch.
Foundation: Poured Concrete
Exterior Features:
Deck
Exterior Color: Brick
Roof: Membrane
Garage And Parking: Parking Spaces 1
Seasonal: No
Heating: Oil | Steam
Cooling: None
Electric: 3 Phase | Combo
Trash: Cans | Private
Utilities: Cable - At Site | Telephone At Site
Electric Meters: 47
Gas_Meters: 0
Water: Community
Sewer: Community
Land Information
Corner | Landscaped | Level
Lot size: 0.34 acres
Zoned: Res.)
Surveyed: No
Flood Zone: No
Road Frontage: 247
Driveway: Paved