Skip To Content
Courtesy of Betsy Adamovich of Real Broker LLC: .

43 Summer Street

Rutland City, VT 05701
  • $479,000
  • STATUS: Active
  • ON SITE: 59 Days
  • MLS #: 5017747
UPDATED: 50 min ago
$479,000
  • 8
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,896
    SQFT
  • $123
    $/SQFT
Type:
Multi-Family
Built:
1860
County:
Area:

School Ratings & Info

Description

Investment Opportunity: 8-Unit Multifamily in Rutland City Dont miss this rare opportunity to own an 8-unit multifamily property located at 43 Summer St in Rutland City. The property includes 6 one-bedroom units, 1 two-bedroom unit, and a studio apartment. Current rents are well below market rate, presenting an ideal chance for an investor to boost cash flow and improve the overall cap rate by raising rents to reflect the true market potential. Situated in a convenient downtown location, this property provides easy access to local amenities, shops, and restaurants, making it highly attractive to tenants. With the rising demand for rental housing in Rutland, this property is well-positioned for long-term growth and value. Whether you're a seasoned investor or just starting to build your portfolio, this property offers significant upside potential.

Monthly Payment Calculator



© 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 2024-12-07T12:06:26.42.
www.livingvermont.com/homes/156491643
Print Image

43 Summer Street Rutland City, VT 05701

  • Price: $479,000
  • Status: Active
  • On Site: 59 Days
  • Updated: 50 min ago
  • MLS #: 5017747
8
Beds
0
Baths
0
½ Baths
0.11
Acres
3,896
SQFT
$123
$/SQFT
1860
Built
County:
Rutland
Area:
Rutland City
Property Description
Investment Opportunity: 8-Unit Multifamily in Rutland City Dont miss this rare opportunity to own an 8-unit multifamily property located at 43 Summer St in Rutland City. The property includes 6 one-bedroom units, 1 two-bedroom unit, and a studio apartment. Current rents are well below market rate, presenting an ideal chance for an investor to boost cash flow and improve the overall cap rate by raising rents to reflect the true market potential. Situated in a convenient downtown location, this property provides easy access to local amenities, shops, and restaurants, making it highly attractive to tenants. With the rising demand for rental housing in Rutland, this property is well-positioned for long-term growth and value. Whether you're a seasoned investor or just starting to build your portfolio, this property offers significant upside potential.
Exterior Features

Architectural Style Multi-Family Construction Materials Wood FrameVinyl Siding Driveway Dirt Has Garage No Lot Features City LotSidewalksStreet Lights Road Frontage TBD Roof Shingle

Interior Features

Basement Access Type Interior Basement Description PartialUnfinished Cooling None Foundation Stone Has Basement Yes Heating OilForced Air Unit1 Baths 1 Unit2 Baths 1 Unit3 Baths 1 Unit4 Baths 1 Unit5 Baths 1 Unit6 Baths 1 Unit7 Baths 1 Unit8 Baths 1

Property Features

Construction Status Existing Electric Circuit Breaker(s) Flood Zone No Foreclosed / Bank Owned / REO No Gross Income 68680 Pre Construction No Seasonal No Sewer Public Taxes Tbd Unknown Total1 Bed Units 6 Total2 Bed Units 1 Total3 Plus Bed Units 0 Unit1 Rental Amount 650 Unit2 Rental Amount 725 Unit3 Rental Amount 900 Unit4 Rental Amount 650 Unit5 Rental Amount 750 Unit6 Rental Amount 850 Unit7 Rental Amount 1200 Unit8 Rental Amount 900 Utilities Cable - AvailableTelephone Available Water Source Public Zoning MR1

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 2024-12-07T12:06:26.42.
 
https://bt-photos.global.ssl.fastly.net/nneren/1280_boomver_1_5017747-2.jpg https://bt-photos.global.ssl.fastly.net/nneren/1280_boomver_1_5017747-2.jpg https://bt-photos.global.ssl.fastly.net/nneren/1280_boomver_1_5017747-2.jpg
Logo
RE/MAX North Professionals
553 Roosevelt highway suite 200
Colchester VT, 05446