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Courtesy of Hughes Group Team of Casella Real Estate.

40 Grant Avenue

Rutland City, VT 05701
  • $269,900
  • STATUS: Active
  • ON SITE: 175 Days
  • MLS #: 4865961
$269,900
  • 5
    BEDS
  • 0.27
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 3,195
    SQFT
  • $84
    $/SQFT
Type:
Multi-Family
Built:
1900
County:
Area:

School Ratings & Info

Description

Here is a great 5 unit multi family in Rutland City that has been very well maintained over the years. All units have 1 bedroom with a kitchen, living room, and full bathroom. The property offers plenty of off street parking, a detached garage, and is vinyl sided for easy maintenance. Conveniently located within walking distance to downtown. The property currently has a CAP rate of just under 8%, but all units are below market rent and with even just a $50 increase per month for each unit the CAP rate would rise to above 9%. This is a great investment opportunity that will not last long.

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© Copyright 2021 New England Real Estate Network, Inc. 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 NEREN. 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 2021-12-03T00:05:32.9.
www.livingvermont.com/homes/118102258
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40 Grant Avenue Rutland City, VT 05701

  • Price: $269,900
  • Status: Active
  • On Site: 175 Days
  • MLS #: 4865961
5
Beds
5
Baths
0
½ Baths
0.27
Acres
3,195
SQFT
$84
$/SQFT
1900
Built
County:
Rutland
Area:
Rutland City
Property Description
Here is a great 5 unit multi family in Rutland City that has been very well maintained over the years. All units have 1 bedroom with a kitchen, living room, and full bathroom. The property offers plenty of off street parking, a detached garage, and is vinyl sided for easy maintenance. Conveniently located within walking distance to downtown. The property currently has a CAP rate of just under 8%, but all units are below market rent and with even just a $50 increase per month for each unit the CAP rate would rise to above 9%. This is a great investment opportunity that will not last long.
Exterior Features

Construction Wood Frame Driveway Paved Exterior Vinyl Siding Exterior Features Porch Garage Type2 Detached Has Garage Yes Lot Description City Lot Road Frontage Tbd Roads PavedPublic Roof Slate Style Multi-Family

Interior Features

Basement Access Type Walk-Up Basement Description Unfinished Cooling None Flooring CarpetTileVinyl Foundation Stone Has Basement Yes Heating BaseboardHot Water Total Ranges 5 Total Refrigerators 5 Unit1 Baths 1 Unit2 Baths 1 Unit3 Baths 1 Unit4 Baths 1 Unit5 Baths 1 Water Heater Tank

Property Features

Construction Status Existing Electric Circuit Breaker(S) Flood Zone No Gross Income 38760 Heat Fuel Oil Pre Construction No Seasonal No Sewer Public Tax Gross Amount 5470.64 Tax Year 2021 Taxes Tbd No Total1 Bed Units 5 Total2 Bed Units 0 Total3 Plus Bed Units 0 Unit1 Info Appliances Included Unit1 Rental Amount 700 Unit2 Info Appliances Included Unit2 Rental Amount 730 Unit3 Info Appliances Included Unit3 Rental Amount 600 Unit4 Info Appliances Included Unit4 Rental Amount 600 Unit5 Info Appliances Included Unit5 Rental Amount 600 Utilities High Speed Intrnt -AvailTelephone Available Water Public Zoning Mr

Courtesy of Hughes Group Team of Casella Real Estate.


© Copyright 2021 New England Real Estate Network, Inc. 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 NEREN. 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 2021-12-03T00:05:32.9.
 
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