- $348,000
- MLS#: 4988073
- 4
- # of Units
- 3,139
- Total Sq. Feet
- 0.17
- Acres
- $0
- Taxes
1 of 23
General Property Information
- Price:
- $348,000
- County:
- VT-Rutland
- Acres:
- 0.17
- Property Type:
- Multi-Family
- Property Status:
- Active
- # of Units:
- 4
- Agency/Brokerage:
- Betsy Adamovich
Real Broker LLC
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!
Features
- Property Type:
- Multi-Family
- # of Units:4
- Subdivision Name:
- Year Built:
- 1890
- Parking:
- Road Frontage:
- 0
- Acres:0.17
- Gross Income:
- 49,200
- Annual Expenses:
- 0
- # of Gas Meters:
- # of Electric Meters:
- 0
- Sq Ft (Above Ground):
- 3139
- Sq Ft (Below Ground):
- 0
- Total Sq Ft:
- 3139
- Land Description:City Lot,Corner,Level,Sidewalks
- Elementary School:
- Middle School:
- High School:
- Financing Details:
- Documents Available:
Unit Information
Unit 1
- #Rooms:
- 0
- #Bedrooms:
- 3
- #Baths:
- 1
- Sq. Ft.:
- 0
- Floor:
- 1
- Unit Style:
- Monthly Rent:
- 1650.00
Unit 2
- #Rooms:
- #Bedrooms:
- 2
- #Baths:
- 1
- Sq. Ft.:
- 0
- Floor:
- 2
- Unit Style:
- Monthly Rent:
- 1250.00
Unit 3
- #Rooms:
- #Bedrooms:
- #Baths:
- 1
- Sq. Ft.:
- 0
- Floor:
- 2
- Unit Style:
- Monthly Rent:
- 950.00
Unit 4
- #Rooms:
- #Bedrooms:
- 1
- #Baths:
- 1
- Sq. Ft.:
- Floor:
- 3
- Unit Style:
- Monthly Rent:
- 850.00
Other Information
- List Date:
- 2024-03-13
- Last Updated:
- 2024-11-07 18:10:58
