Farmhouse, Single Family - St. Johnsbury, VT
Excellent investment. Rent is $800 a month. Newer windows, views of downtown St. Johnsbury and Passumpsic River. Needs mostly easy cosmetic updates to make like new again. If you spend $5000 on paint, carpet, etc. the cap rate will be about 14%. As it was recently rents, property had a cap rate of approx 16%. Don't miss this rare opportunity to buy a home for under $50,000 in St. Johnsbury! Seller will consider a lease option for the right buyer.
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