- $479,000
- MLS#: 5017747
- 8
- # of Units
- 3,896
- Total Sq. Feet
- 0.11
- Acres
- $0
- Taxes
1 of 25
General Property Information
- Price:
- $479,000
- County:
- VT-Rutland
- Acres:
- 0.11
- Property Type:
- Multi-Family
- Property Status:
- Active
- # of Units:
- 8
- Agency/Brokerage:
- Betsy Adamovich
Real Broker LLC
Investment Opportunity: 8-Unit Multifamily in Rutland City Don’t miss this rare opportunity to own an 8-unit multifamily property located at 43 Summer St in Rutland City. The property includes 6 one-bedroom units, 1 two-bedroom unit, and a studio apartment. Current rents are well below market rate, presenting an ideal chance for an investor to boost cash flow and improve the overall cap rate by raising rents to reflect the true market potential. Situated in a convenient downtown location, this property provides easy access to local amenities, shops, and restaurants, making it highly attractive to tenants. With the rising demand for rental housing in Rutland, this property is well-positioned for long-term growth and value. Whether you're a seasoned investor or just starting to build your portfolio, this property offers significant upside potential.
Features
- Property Type:
- Multi-Family
- # of Units:8
- Subdivision Name:
- Year Built:
- 1860
- Parking:
- Road Frontage:
- 0
- Acres:0.11
- Gross Income:
- 68,680
- Annual Expenses:
- 0
- # of Gas Meters:
- # of Electric Meters:
- 0
- Sq Ft (Above Ground):
- 3896
- Sq Ft (Below Ground):
- 0
- Total Sq Ft:
- 3896
- Land Description:City Lot,Sidewalks,Street Lights
- Elementary School:
- Middle School:
- High School:
- Financing Details:
- Documents Available:
Unit Information
Unit 1
- #Rooms:
- 0
- #Bedrooms:
- 1
- #Baths:
- 1
- Sq. Ft.:
- 0
- Floor:
- Unit Style:
- Monthly Rent:
- 650.00
Unit 2
- #Rooms:
- #Bedrooms:
- 1
- #Baths:
- 1
- Sq. Ft.:
- 0
- Floor:
- Unit Style:
- Monthly Rent:
- 725.00
Unit 3
- #Rooms:
- #Bedrooms:
- #Baths:
- 1
- Sq. Ft.:
- 0
- Floor:
- Unit Style:
- Monthly Rent:
- 900.00
Unit 4
- #Rooms:
- #Bedrooms:
- 1
- #Baths:
- 1
- Sq. Ft.:
- Floor:
- Unit Style:
- Monthly Rent:
- 650.00
Unit 5
- #Rooms:
- #Bedrooms:
- 1
- #Baths:
- 1
- Sq. Ft.:
- Floor:
- Unit Style:
- Monthly Rent:
- 750.00
Unit 6
- #Rooms:
- #Bedrooms:
- 1
- #Baths:
- 1
- Sq. Ft.:
- Floor:
- Unit Style:
- Monthly Rent:
- 850.00
Unit 7
- #Rooms:
- #Bedrooms:
- 2
- #Baths:
- 1
- Sq. Ft.:
- 0
- Floor:
- Unit Style:
- Monthly Rent:
- 1200.00
Unit 8
- #Rooms:
- 0
- #Bedrooms:
- 0
- #Baths:
- 1
- Sq. Ft.:
- 0
- Floor:
- Unit Style:
- studio
- Monthly Rent:
- 900.00
Other Information
- List Date:
- 2024-10-08
- Last Updated:
- 2024-12-17 17:04:52
