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Courtesy of Betsy Adamovich of Casella Real Estate: .

162 State Street

Rutland City, VT 05701
  • $350,000
  • STATUS: Active
  • ON SITE: 23 Days
  • MLS #: 4984468
$350,000
  • 7
    BEDS
  • 0.17
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 3,139
    SQFT
  • $112
    $/SQFT
Type:
Multi-Family
Built:
1890
County:
Area:

School Ratings & Info

Description

RUTLAND CITY, VT - This well-maintained four-unit property offers excellent rental history and strong cash flow, making it a smart choice for investors. Positioned on a corner lot, it's conveniently close to public transportation, enhancing tenant appeal. The building features spacious 9-foot ceilings on the first floor and includes energy-efficient minisplit heat pumps in two of the four units. Additional income is provided by a large 2.5-story garage on the property, currently rented monthly. As the city pushes for more housing, this huge garage would be a fantastic candidate for an accessory dwelling unit conversion! The cap rate on this property with the new rents is 11.8% at asking price! This investment opportunity combines practicality with profitability in a sought-after location. See it for yourself today!

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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 2024-03-03T00:06:06.263.
www.livingvermont.com/homes/147404077
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162 State Street Rutland City, VT 05701

  • Price: $350,000
  • Status: Active
  • On Site: 23 Days
  • MLS #: 4984468
7
Beds
2
Baths
0
½ Baths
0.17
Acres
3,139
SQFT
$112
$/SQFT
1890
Built
County:
Rutland
Area:
Rutland City
Property Description
RUTLAND CITY, VT - This well-maintained four-unit property offers excellent rental history and strong cash flow, making it a smart choice for investors. Positioned on a corner lot, it's conveniently close to public transportation, enhancing tenant appeal. The building features spacious 9-foot ceilings on the first floor and includes energy-efficient minisplit heat pumps in two of the four units. Additional income is provided by a large 2.5-story garage on the property, currently rented monthly. As the city pushes for more housing, this huge garage would be a fantastic candidate for an accessory dwelling unit conversion! The cap rate on this property with the new rents is 11.8% at asking price! This investment opportunity combines practicality with profitability in a sought-after location. See it for yourself today!
Exterior Features

Architectural Style Multi-FamilyVictorian Area Description In TownNear Public Transportatn Construction Materials Wood FrameClapboard ExteriorWood Siding Driveway Gravel Exterior Features BalconyPorchPorch - CoveredShed Has Garage Yes Lot Features City LotCornerLevelSidewalks Parking Storage AboveDetachedDrivewayGarageLeased Road Frontage TBD Roads PavedPublic Roof Shingle

Interior Features

Basement Access Type Interior Basement Description Concrete FloorFullNo Tenant AccessUnfinished Cooling NoneMini Split Flooring CarpetLaminateTile Foundation Stone Has Basement Yes Heating Forced AirWall UnitsMini Split Total Ranges 4 Total Refrigerators 4 Total Water Heaters 4 Unit1 Baths 1 Unit2 Baths 1 Unit3 Baths 1 Unit4 Baths 1

Property Features

Auction No Construction Status Existing Easements Unknown Electric Circuit Breaker(s) Flood Zone No Foreclosed / Bank Owned / REO No Gross Income 53400 Heat Fuel ElectricGas - LP/BottleOil Pre Construction No Seasonal No Separate Utilities Varies Sewer Public Sewer On-Site Taxes Tbd Unknown Total Electric Meters 5 Total Leases 5 Total1 Bed Units 2 Total2 Bed Units 1 Total3 Plus Bed Units 1 Unit1 Info Appliances IncludedCO DetectorPorchRange - ElectricRefrigeratorSmoke Detector Unit1 Tenant Pays ElectricHeatHot WaterInternet ServiceTrashTV Service Unit2 Info Appliances IncludedCO DetectorDeckRange - ElectricRefrigeratorSmoke Detector Unit2 Tenant Pays ElectricHeatHot WaterInternet ServiceTrashTV Service Unit3 Info CO DetectorDeckRange - ElectricRefrigeratorSmoke Detector Unit3 Tenant Pays ElectricHeatHot WaterTrashTV Service Unit4 Info Appliances IncludedCO DetectorDeckRange - ElectricRefrigeratorSmoke Detector Unit4 Tenant Pays ElectricHeatHot WaterTrashTV Service Utilities Cable - AvailableGas - LP/BottleTelephone Available Water Source Public Water - On-Site Zoning NB

Courtesy of Betsy Adamovich of Casella Real Estate: .


© 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 2024-03-03T00:06:06.263.
 
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