162 State Street

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. There is potential for more income provided by a large 2.5-story garage on the property, that was previously rented monthly. As the city pushes for more housing, this huge garage would be a fantastic candidate for an additional unit conversion! The cap rate on this property is over 10% at asking price. This investment opportunity combines practicality with profitability in a sought-after location. See it for yourself today!