52 South Main Street

Description

A solid investment or owner-occupant opportunity awaits at 52 South Main Street in Rutland City. This well-maintained four-unit property features four one-bedroom apartments offering clean, comfortable and practical living spaces. The building has benefited from several important improvements that help take some of the uncertainty out of owning an older multifamily property. The asphalt roof and vinyl siding are approximately 12 years old, the boiler is approximately 5 years old, and vinyl replacement windows are found throughout. The apartments themselves are clean and reasonably updated—simple, functional spaces that have been well maintained without trying to be something they're not. Current rents are believed to be below today's market, providing a new owner with potential for increased income over time. Ample off-street parking adds convenience, and the central Rutland location makes it easy to reach downtown, shopping, medical services, employment and major travel routes. For an investor, this is a manageable four-unit with many of the larger building improvements already completed and potential upside in the rents. For an owner-occupant, it offers the opportunity to live simply while three additional apartments help support the cost of ownership. Clean, practical and conveniently located, 52 South Main Street offers a straightforward multifamily investment with room for future income growth.