Rutland City, VT | 55 Prospect Street

$350,000
MLS#: 5001759
4
# of Units
3,591
Total Sq. Feet
0.21
Acres
$4,719
Taxes
1 of 40

General Property Information

Price:
$350,000
County:
VT-Rutland
Acres:
0.21
Property Type:
Multi-Family
Property Status:
Under Contract
# of Units:
4
Agency/Brokerage:
Mike Kalil
Watson Realty & Associates

Great opportunity for owner occupant and collect rents as an income, when all rented your gross yearly income is over $72K and net over $45K a year , Cap Rate at the full price is over 13% . Great location walking distance to shopping and restaurants, this property is great for traveling nurses, or ski resort workers, another potential is use some units as Air B & B property has been maintained well no deferred maintenance, many recent update. including unit renovations, even though the owner is paying oil expense for the heat, it does have Separate utilities if you choose to go that route and have tenants pay for their own heat, great rental history for that location .

Features

Property Type:
Multi-Family
# of Units:4
Subdivision Name:
Year Built:
1864
Parking:
Road Frontage:
100
Acres:0.21
Gross Income:
72,564
Annual Expenses:
0
# of Gas Meters:
# of Electric Meters:
4
Sq Ft (Above Ground):
3591
Sq Ft (Below Ground):
0
Total Sq Ft:
3591
Land Description:City Lot
Elementary School:
Northwest Primary School
Middle School:
Rutland 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:
1584.00

Unit 2

#Rooms:
#Bedrooms:
3
#Baths:
1
Sq. Ft.:
0
Floor:
2
Unit Style:
Monthly Rent:
1717.00

Unit 3

#Rooms:
#Bedrooms:
#Baths:
1
Sq. Ft.:
0
Floor:
2
Unit Style:
Monthly Rent:
1346.00

Unit 4

#Rooms:
#Bedrooms:
1
#Baths:
1
Sq. Ft.:
Floor:
1
Unit Style:
Monthly Rent:
1400.00

Other Information

Source: Data provided by PrimeMLS, graph generated by Pall Spera Company
List Date:
2024-06-20
Last Updated:
2024-06-27 13:05:16

Stowe Office

Joni Gaines

(P) 802.253.9771
(F) 802.253.9993
email

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