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Courtesy of Betsy Adamovich of Real Broker LLC: .

14 Cottage Street

Rutland City, VT 05701
  • $710,000
  • STATUS: Active
  • ON SITE: 38 Days
  • MLS #: 4988076
$710,000
  • 0
    BEDS
  • 0.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,314
    SQFT
  • $97
    $/SQFT
Type:
Multi-Family
Built:
1880
County:
Area:

School Ratings & Info

Description

RUTLAND CITY, VT - Here is an exceptional investment opportunity with a total of 8 potential income-generating units! This property features a 7-unit multi-family building and an inviting single-family home. Crafted with a mix of brick and wood frame construction, the 7-unit building stands as a testament to enduring quality and timeless appeal. The current owners have experienced significant profits, showcasing the remarkable rental potential of these well-maintained units. The central location of these units provides easy access to bus routes and daily necessities, ensuring effortless commutes and errands for tenants and owners alike. This added advantage enhances the property's overall appeal, addressing the practical needs of residents. What sets this investment apart from the rest is the rarity of finding a property with so many units that consistently yield strong cash flow. The prospect of owning 2 buildings with a total of 8 units is an extraordinary opportunity for astute investors. 14 & 14.5 Cottage Street is a solid investment in Rutland's real estate, offering a total of 8 units that promise enduring construction, a strategic location, and proven profitability. Cap rate over 10% at list price when fully rented! 4 other properties from the same portfolio are also currently listed for sale. Please inquire for further information regarding the other properties. Will not consider creative financing.

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© Copyright 2024 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 2024-04-22T12:53:00.693.
www.livingvermont.com/homes/148597447
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14 Cottage Street Rutland City, VT 05701

  • Price: $710,000
  • Status: Active
  • On Site: 38 Days
  • MLS #: 4988076
0
Beds
0
Baths
0
½ Baths
0.26
Acres
7,314
SQFT
$97
$/SQFT
1880
Built
County:
Rutland
Area:
Rutland City
Property Description
RUTLAND CITY, VT - Here is an exceptional investment opportunity with a total of 8 potential income-generating units! This property features a 7-unit multi-family building and an inviting single-family home. Crafted with a mix of brick and wood frame construction, the 7-unit building stands as a testament to enduring quality and timeless appeal. The current owners have experienced significant profits, showcasing the remarkable rental potential of these well-maintained units. The central location of these units provides easy access to bus routes and daily necessities, ensuring effortless commutes and errands for tenants and owners alike. This added advantage enhances the property's overall appeal, addressing the practical needs of residents. What sets this investment apart from the rest is the rarity of finding a property with so many units that consistently yield strong cash flow. The prospect of owning 2 buildings with a total of 8 units is an extraordinary opportunity for astute investors. 14 & 14.5 Cottage Street is a solid investment in Rutland's real estate, offering a total of 8 units that promise enduring construction, a strategic location, and proven profitability. Cap rate over 10% at list price when fully rented! 4 other properties from the same portfolio are also currently listed for sale. Please inquire for further information regarding the other properties. Will not consider creative financing.
Exterior Features

Architectural Style Multi-Family Area Description Business DistrictIn TownNear ShoppingNear Public Transportatn Construction Materials Wood FrameBrick Exterior Driveway Gravel Has Garage Yes Lot Features City LotLevelNeighbor BusinessSidewalks Parking DrivewayGarage Road Frontage TBD Roads PavedPublic Roof MetalShingle - AsphaltSlate

Interior Features

Basement Access Type Walk-up Basement Description Unfinished Cooling None Foundation Concrete Has Basement Yes Heating BaseboardHot Water

Property Features

Construction Status Existing Electric Circuit Breaker(s) Electric Company GMP Flood Zone Unknown Foreclosed / Bank Owned / REO No Fuel Company Keyser Gross Income 109200 Heat Fuel Oil Pre Construction No Seasonal No Sewer Public Taxes Tbd Unknown Total Leases 3 Total1 Bed Units 4 Total2 Bed Units 3 Total3 Plus Bed Units 1 Unit1 Tenant Pays ElectricHot WaterInternet ServiceTV Service Utilities Cable - AvailableTelephone Available Water Source Public Zoning business district

Courtesy of Betsy Adamovich of Real Broker LLC: .


© Copyright 2024 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 2024-04-22T12:53:00.693.
 
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553 Roosevelt highway suite 200
Colchester VT, 05446