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Listed by Betsy Adamovich • Real Broker LLC
$348,000
Est. payment /mo
7 Beds
4 Baths
3,139 SqFt
UPDATED:
11/07/2024 06:10 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,139 sqft
Price per Sqft $110
MLS Listing ID 4988073
Bedrooms 7
Full Baths 4
Construction Status Existing
Year Built 1890
Lot Size 7,405 Sqft
Acres 0.17
Property Description
RUTLAND CITY, VT - This well-maintained four-unit property offers excellent rental history and strong cash flow, making it a smart choice for investors. Positioned on a corner lot, it's conveniently close to public transportation, enhancing tenant appeal. The building features spacious 9-foot ceilings on the first floor and includes energy-efficient minisplit heat pumps in 2 (soon to be 3) of the 4 units. Unit 2 was recently vacated and is receiving a facelift prior to new tenant placement. There is potential for more income provided by a large 2.5-story garage on the property, that was previously rented monthly for storage. As the city pushes for more housing, this huge garage would be a fantastic candidate for an additional unit conversion! The cap rate on this property is 12% at asking price! This investment opportunity combines practicality with profitability in a sought-after location. See it for yourself today!
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning NB
Rooms
Basement Entrance Walk-up
Basement Concrete Floor, Full, No Tenant Access, Unfinished
Interior
Heating Electric, Gas - LP/Bottle, Oil
Cooling Mini Split
Exterior
Garage Spaces 2.0
Garage Description Driveway, Garage
Utilities Available Cable - Available, Gas - LP/Bottle, Telephone Available
Roof Type Shingle
Building
Story 3
Foundation Stone
Sewer Public
Construction Status Existing
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