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Courtesy of Mark Triller of Real Broker LLC: .

40 Summer Street

Rutland City, VT 05701
  • $299,000
  • STATUS: Active
  • ON SITE: 16 Days
  • MLS #: 5015604
UPDATED: 27 min ago
$299,000
  • 4
    BEDS
  • 0.12
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,886
    SQFT
  • $104
    $/SQFT
Type:
Multi-Family
Built:
1850
County:
Area:

School Information

Description

Looking for the perfect investment property, or perfect opportunity to owner occupy? Then you need to check out this well maintained, 3 unit, 4 bed, 4 bath, multi-family property only a few blocks from downtown shopping, dining and events. Two of the apartments, #2 and #3, were recently renovated in 2022 ( see attached list of improvements ) with new washers and dryers, vinyl plank flooring, kitchen counter tops and cabinets, and new appliances and an energy efficient mini split in apt#3 for Summer cooling and economical heat. This property has a single oil FHA furnace replaced in 2000 and a new oil tank replaced in 2022 with vinyl siding and newer vinyl windows all around and an electrical cost saving solar array on the roof. All old knob and tube wiring terminated and replaced. And you'll find that there is little to no deferred maintenance here at this property. Month to month leases with reliable rental income and an opportunity to improve cash flow. There's plenty of on-street and off-street parking as well a carport to get your car out of the weather and a large rear deck to enjoy the mountain view. You're less than 20 minutes from Killing/Pico Ski Resorts, and less than 2 hours from Burlington or Albany Airport. This is a must see.

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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 2024-10-10T09:06:35.11.
www.livingvermont.com/homes/155693541
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40 Summer Street Rutland City, VT 05701

  • Price: $299,000
  • Status: Active
  • On Site: 16 Days
  • Updated: 27 min ago
  • MLS #: 5015604
4
Beds
4
Baths
0
½ Baths
0.12
Acres
2,886
SQFT
$104
$/SQFT
1850
Built
County:
Rutland
Area:
Rutland City
Elementary School:
Northwest Primary School
Middle School:
Rutland Intermediate School
High School:
Rutland Senior High School
School District:
Rutland City School District
Property Description
Looking for the perfect investment property, or perfect opportunity to owner occupy? Then you need to check out this well maintained, 3 unit, 4 bed, 4 bath, multi-family property only a few blocks from downtown shopping, dining and events. Two of the apartments, #2 and #3, were recently renovated in 2022 ( see attached list of improvements ) with new washers and dryers, vinyl plank flooring, kitchen counter tops and cabinets, and new appliances and an energy efficient mini split in apt#3 for Summer cooling and economical heat. This property has a single oil FHA furnace replaced in 2000 and a new oil tank replaced in 2022 with vinyl siding and newer vinyl windows all around and an electrical cost saving solar array on the roof. All old knob and tube wiring terminated and replaced. And you'll find that there is little to no deferred maintenance here at this property. Month to month leases with reliable rental income and an opportunity to improve cash flow. There's plenty of on-street and off-street parking as well a carport to get your car out of the weather and a large rear deck to enjoy the mountain view. You're less than 20 minutes from Killing/Pico Ski Resorts, and less than 2 hours from Burlington or Albany Airport. This is a must see.
Exterior Features

Architectural Style Multi-Family Construction Materials Wood FrameVinyl Siding Driveway Paved Exterior Features DeckPorch - Covered Has Garage No Lot Features City Lot Parking CarportOn StreetPaved Road Frontage TBD Roads Public Roof Shingle

Interior Features

Basement Access Type Interior Basement Description Stairs - InteriorUnfinished Cooling Mini Split Flooring CarpetLaminate Foundation Fieldstone Has Basement Yes Heating Forced Air Total Heated Units 1 Total Ranges 3 Total Refrigerators 3 Total Water Heaters 1 Unit1 Baths 1 Unit2 Baths 1 Unit3 Baths 2

Property Features

Assessment Year 2023 Auction No Construction Status Existing Easements Yes Electric Circuit Breaker(s) Electric Company GMP Flood Zone Unknown Foreclosed / Bank Owned / REO No Gross Income 37200 Heat Fuel Oil Pre Construction No Seasonal No Sewer Public Tax Gross Amount 4513 Tax Year 2025 Taxes Tbd Unknown Total Leases 2 Total1 Bed Units 2 Total2 Bed Units 1 Total3 Plus Bed Units 0 Unit1 Info Heat Included Unit1 Rental Amount 500 Unit1 Tenant Pays ElectricInternet Service Unit2 Info DryerHeat IncludedWasher Unit2 Rental Amount 1000 Unit2 Tenant Pays Internet Service Unit3 Info Air ConditionerDryerHeat IncludedWasher Unit3 Rental Amount 1600 Unit3 Tenant Pays Internet Service Utilities Cable - At SiteTelephone Available Water Source Public Zoning 10

Courtesy of Mark Triller 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 2024-10-10T09:06:35.11.
 
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553 Roosevelt highway suite 200
Colchester VT, 05446