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    91 Crescent Street

    Rutland, VT 05701
    • $295,000
    • STATUS: Active
    • ON SITE: 5 days
    • MLS #: 4833868
    New On Site 5 Days Ago
    UPDATED: 33 min ago
    $295,000
    • 5
      BEDS
    • 2.25
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    • 4,400
      SQFT
    • $67
      $/SQFT
    Type:
    Multi-Family
    Built:
    1920
    County:
    Area:

    School Ratings & Info

    Courtesy of Mike Kalil of Watson Realty & Associates, Plc.

    Description

    Great convenient location with very good rental history, in fact 16 years of 100% continuous rental, most of the tenants stay long term because of the condition and location of the property, since purchasing this property in 2004, a lot of improvements have been done, vinyl windows , furnace , plumping , electric, 2017 new roof including all the wood underneath and with all new skylights, just finished new vinyl siding and all trims, decks painted, Certificate of occupancy for all units and Essential Maintenance practice have been filed with the state yearly, Current Actual Gross income is $ 44,100 a year, Actual Current Net Income is $28,480 a year, easy management, this property is on over 2.25 acres and it is the only one around here with that much land, possibility of building more units, just under 10% Cap Rate at the asking price owner is a licensed reals estate broker .

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    © Copyright 2020 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 2020-10-19T11:08:02.833.
    www.livingvermont.com/homes/110954875
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    91 Crescent Street Rutland, VT 05701

    • Price: $295,000
    • Status: Active
    • Updated: 33 min ago
    • MLS #: 4833868
    5
    Beds
    5
    Baths
    0
    ½ Baths
    2.25
    Acres
    4,400
    SQFT
    $67
    $/SQFT
    1920
    Built
    County:
    Rutland
    Area:
    Rutland
    Property Description
    Great convenient location with very good rental history, in fact 16 years of 100% continuous rental, most of the tenants stay long term because of the condition and location of the property, since purchasing this property in 2004, a lot of improvements have been done, vinyl windows , furnace , plumping , electric, 2017 new roof including all the wood underneath and with all new skylights, just finished new vinyl siding and all trims, decks painted, Certificate of occupancy for all units and Essential Maintenance practice have been filed with the state yearly, Current Actual Gross income is $ 44,100 a year, Actual Current Net Income is $28,480 a year, easy management, this property is on over 2.25 acres and it is the only one around here with that much land, possibility of building more units, just under 10% Cap Rate at the asking price owner is a licensed reals estate broker .
    Exterior Features

    Construction Wood Frame Driveway Crushed Stone Exterior Vinyl Siding Exterior Features DeckPorch - Covered Has Garage No Lot Description City LotField/PastureLevelRental ComplexStream Parking AssignedOn-SiteParking Spaces 5 Road Frontage Yes Road Frontage Length 65 Roads PavedPublic Roof Shingle - Architectural Style Multi-Family

    Interior Features

    Basement Access Type Walk-Up Basement Description Dirt FloorFull Cooling None Flooring CarpetHardwood Foundation Stone Has Basement Yes Heating BaseboardHot Water Total Heated Units 1 Total Ranges 5 Total Refrigerators 5 Total Water Heaters 5 Unit1 Baths 1 Unit2 Baths 1 Unit3 Baths 1 Unit4 Baths 1 Unit5 Baths 1 Water Heater ElectricRented

    Property Features

    Auction No Construction Status Existing Electric Circuit Breaker(S) Electric Company Green Mountain Power Flood Zone No Fuel Company Kesyer Gross Income 44100 Heat Fuel Oil Pre Construction No Seasonal No Sewer Public Tax Gross Amount 5398 Tax Year 2020 Taxes Tbd No Total Electric Meters 6 Total1 Bed Units 5 Total2 Bed Units 0 Total3 Plus Bed Units 0 Unit1 Rental Amount 750 Unit1 Tenant Pays ElectricInternet ServiceTv Service Unit2 Rental Amount 825 Unit2 Tenant Pays ElectricInternet ServiceTv Service Unit3 Rental Amount 650 Unit3 Tenant Pays ElectricInternet ServiceTv Service Unit4 Rental Amount 675 Unit4 Tenant Pays ElectricTv Service Unit5 Rental Amount 775 Utilities Cable - AvailableDsl - Available Water Public Zoning Residential

    Courtesy of Mike Kalil of Watson Realty & Associates, Plc.


    © Copyright 2020 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 2020-10-19T11:08:02.833.
     
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    RE/MAX North Professionals
    875 Roosevelt Highway
    Colchester VT, 05446
    Courtesy of Mike Kalil of Watson Realty & Associates, Plc.