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Courtesy of Michael Gilman of 3GEN Real Estate Inc: .

128 Granger Street

Rutland City, VT 05701
  • $200,000
  • STATUS: Closed
  • ON SITE: 204 Days
  • MLS #: 5005506
Sold - 10/04/2024
$200,000
SOLD - 10/04/2024
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,813
    SQFT
  • $0
    $/SQFT
Type:
Multi-Family
Built:
1915
County:
Area:

School Ratings & Info

Description

This well cared for turnkey duplex features two renovated spacious two-bedroom units and an NOI of ~$20K. Property is perfect for someone looking to occupy one unit and have property expenses and mortgage offset by renting the other. If held as investment, this duplex has the potential for 15%+ annual cash on cash returns, and significant upside at sale (without taking into account any expected organic price appreciation). The property has been professionally managed with recent updates and renovations across interior units and exteriors. One unit has been kept vacant prior to listing for potential owner-occupancy, or keep both units rented-for strong cash flow (vacant unit can be rented for a minimum of $1,400 as a condition to close). The 2x 2br apartments are spacious with an ideal layout, and access to the oversized backyard and ample parking. Efficient footprint and recent renovations keep operating expenses low! Property is walking distance from downtown shops and restaurants giving residents access to all Rutland has to offer. This is also an excellent opportunity to enter the market ahead of the historic multibillion dollar development taking place around Killington nearby, which is already starting organic appreciation in property values. This property can be also be purchased with additional buildings in the area for someone looking to scale. Listing agent is a member of the LLC that owns the property.

Sold by Casella Real Estate.

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© Copyright 2025 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2025-02-07T11:06:01.213.
www.livingvermont.com/homes/152697603
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128 Granger Street Rutland City, VT 05701

  • Price: $214,900
  • Status: Closed
  • On Site: 204 Days
  • Updated: 63 min ago
  • MLS #: 5005506
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1,813
SQFT
$0
$/SQFT
1915
Built
County:
Rutland
Area:
Rutland City
Property Description
This well cared for turnkey duplex features two renovated spacious two-bedroom units and an NOI of ~$20K. Property is perfect for someone looking to occupy one unit and have property expenses and mortgage offset by renting the other. If held as investment, this duplex has the potential for 15%+ annual cash on cash returns, and significant upside at sale (without taking into account any expected organic price appreciation). The property has been professionally managed with recent updates and renovations across interior units and exteriors. One unit has been kept vacant prior to listing for potential owner-occupancy, or keep both units rented-for strong cash flow (vacant unit can be rented for a minimum of $1,400 as a condition to close). The 2x 2br apartments are spacious with an ideal layout, and access to the oversized backyard and ample parking. Efficient footprint and recent renovations keep operating expenses low! Property is walking distance from downtown shops and restaurants giving residents access to all Rutland has to offer. This is also an excellent opportunity to enter the market ahead of the historic multibillion dollar development taking place around Killington nearby, which is already starting organic appreciation in property values. This property can be also be purchased with additional buildings in the area for someone looking to scale. Listing agent is a member of the LLC that owns the property.
Exterior Features

Architectural Style Duplex Construction Materials Wood Frame Driveway Gravel Has Garage No Lot Features City Lot Road Frontage Yes Road Frontage Length 100 Roads Paved Roof Shingle - Asphalt

Interior Features

Basement Access Type Interior Basement Description Full Cooling None Foundation BrickStone Has Basement Yes Heating BaseboardForced Air

Property Features

Construction Status Existing Electric Circuit Breaker(s) Flood Zone No Foreclosed / Bank Owned / REO No Gross Income 32100 Heat Fuel Oil Pre Construction No Seasonal Unknown Sewer Public Tax Gross Amount 3674.56 Taxes Tbd Unknown Total1 Bed Units 0 Total2 Bed Units 2 Total3 Plus Bed Units 0 Utilities Cable Water Source Public Zoning MR-1

Courtesy of Michael Gilman of 3GEN Real Estate Inc: .


© Copyright 2025 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2025-02-07T11:06:01.213.
 
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