Rutland City Vermont Real Estate

Good investment opportunity, this 3 units is within walking distances to downtown has a nice partially fenced back yard with plenty of parking space currently the top unit 3 bed is vacant for possible new owner occupancy, let the rents of the 2 units pay your mortgage and other expenses or just buy it as income producing property when fully rented Gross income is $39600 a year and expenses are just shy of $15,000 a year .net income $25K Cap Rate at asking price 12.8 %

This well cared for turnkey duplex features two renovated spacious two-bedroom units and an NOI of ~$20K. Property is perfect for someone looking to occupy one unit and have property expenses and mortgage offset by renting the other. If held as investment, this duplex has the potential for 15%+ annual cash on cash returns, and significant upside at sale (without taking into account any expected organic price appreciation). The property has been professionally managed with recent updates and renovations across interior units and exteriors. One unit has been kept vacant prior to listing for potential owner-occupancy, or keep both units rented-for strong cash flow (vacant unit can be rented for a minimum of $1,400 as a condition to close). The 2x 2br apartments are spacious with an ideal layout, and access to the oversized backyard and ample parking. Efficient footprint and recent renovations keep operating expenses low! Property is walking distance from downtown shops and restaurants giving residents access to all Rutland has to offer. This is also an excellent opportunity to enter the market ahead of the historic multibillion dollar development taking place around Killington nearby, which is already starting organic appreciation in property values. This property can be also be purchased with additional buildings in the area for someone looking to scale. Listing agent is a member of the LLC that owns the property.

Unlock the potential of this investment gem! With the exterior renovations completed and the interior framed and electrical roughed in, this two-unit multi-family home is primed for your finishing touches. Imagine the possibilities as you customize each space to your vision, creating inviting living areas that promise comfort and style for future tenants. Whether you’re drawn to sleek modern designs or timeless charm, this blank canvas allows you to bring your creative ideas to life. Don’t miss out on the opportunity to shape this property into a lucrative investment that stands out in the market.

Great options with these two adjoining properties. Approximately 2,240 square foot single-family home at 26 Woodstock Ave is currently leased. Approximately 2,790 square foot duplex at 28 Woodstock Ave is currently unoccupied and ready to be brought back to life.

Come take a look at this fantastic duplex. This property features 2 spacious 3 bedroom units. Fully occupied with great rental income. This rare investment opportunity shows a 16% cap rate at current NOI. This property could be a promising investment or a great opportunity to owner occupy the choice is yours. Walking distance from downtown shops and restraunts giving tenants access to all Rutland has to offer. This property can be sold as a package with 18 church St. MLS#4993527. Don't miss this great investment opportunity!

Step inside this unique property that has been lovingly maintained by the same owner for 45 years. Owner's landscaping business and expertise reflects in his well-manicured back yard on beautiful corner lot! Special features include new roof five years ago, replacement windows and sheds. **Upstairs heat is electric, downstairs heating system failed. Propane tank will be removed prior to closing. Property to be conveyed AS IS.** Although this home was not used as a rental, it has complete living quarters upstairs. Due diligence with the city if intent is to rent.

Here is a well maintained 2-unit Victorian style multi-family. Live in one unit while supplementing your mortgage by renting the other or make it your next investment property! Upstairs is a cute 2-bedroom one bathroom unit and downstairs has a very spacious 3 bedroom 1 1/2-bathroom unit. On the first floor of unit one, there is a kitchen, dining room, living room, spacious bedroom, and a full bathroom with a washer and dryer. On the 2nd floor of unit one, are your other 2 bedrooms, a half bathroom, and access to the large attic that offers plenty of storage space. Call to schedule your showing today! 3 bedroom unit will be vacant as of 03/17/2024. Furnishings in the downstairs unit are negotiable.

Don't miss this chance to acquire a high-yield property in Rutland City. Whether you're a seasoned investor or looking to start your real estate portfolio, these buildings offer an excellent opportunity for stable and profitable returns. One building consists of two 3-bedroom 1-bathroom units and the other of two 1 bedroom 1-bathroom units. Heat and electricity are separately metered, minimizing owner expenses as tenants are responsible for their own utilities. The two buildings have a shared driveway as well as off-street parking that is exempt from Rutland City's winter parking ban, providing convenience for tenants year-round. This property has the potential for a 13% cap rate, gross income is based on projected market rates, 2 units are currently vacant leaving a buyer the ability to fill the vacancies with tenants of their choice. Call for a breakdown of the financials and to schedule a showing of this great investment opportunity.

Welcome to 18 Church St! This four-unit multi-family property presents a rare investment opportunity. A high cash flow opportunity at a 13% cap on current NOI of $36K+. The building has been professionally maintained with very little deferred maintenance. Each unit offers comfortable living spaces with updated modern amenities. Situated conveniently within walking distance of downtown shops and restraunts. Priced to sell this deal will not last. This property can be sold as a package with 20 Church St. MLS #4993514.

Investment Opportunity in Rutland, VT! Welcome to 33 Summer Street, a four-unit multifamily property in a prime Rutland location. This property features three newly renovated units, offering modern amenities and updated finishes. Situated close to local amenities and public transportation, this property is ideal for attracting tenants. Whether you're looking to expand your portfolio or start investing in real estate, 33 Summer Street presents a promising opportunity. Don't miss out on this excellent investment with great potential for steady rental income.

RUTLAND CITY: Spacious 4-5 bedrooms, Single family or 2-unit, recently brought up to code for 2-unit. New kitchen in 2020, on 1st floor valued at $66,000, hardwood floors, fireplace in living room, damper doesn't work, 1st floor bedroom, 2nd floor has 3 bedrooms, kitchen, living room and 1 1/2 baths. New 1st floor shower in 2022 and new shower/toilet in 2nd floor apartment. Attic/3rd floor was used as a bedroom and family room. Property had an Efficiency Vermont energy audit, is well insulated and has replacement windows, along with dry basement. Boiler was new in 2019 and asphault roof was new in 2022. Convenient city lot, close to downtown, with 1-car detached garage. Less than 1/2 mile to Rutland Country Club, outskirts of city, near shopping, restaurants, skiing, airport and hospital. Won't last long, call for an appointment.

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 .

Located in Rutland City is this well-maintained 3-unit multi-family property that offers an opportunity for both investors and those looking to find a new home where they can live in one unit and offset their mortgage with the other two units. The building features two 1-bedroom units and one 2-bedroom unit as well as a detached 3 bay garage. Each unit has hardwood floors that add warmth and character, making every space inviting and comfortable. The separately metered electric and individual boilers allow for easy management and reduced overhead costs. Call to schedule your showing today!

Great investment opportunity, 5 rental units,3 one bedroom and 2 two bedrooms on a lot with plenty of parking , gross yearly income is $54,000 with potential for more, expenses $ 22418, net yearly income is just over $31K rents are somewhat bellow market value, low expenses this building has been maintained well.

Great investment property! This will likely be the best investment in your portfolio. This has an annual income of $51,600 with a net of $45,480 at list price and fully rented. Current rental income is $4,200/month with monthly expenses just over $500 plus your mortgage. You could have a return of around $11,000 annually. This is with a 10% down payment at current rates. Just image when the rates adjust and you refinance! The rented units have great tenants that have shown a good rental history over the years. This building has been very well maintained over the years and now offers low and easy maintenance costs and efforts. If you are looking to add a building to your investment portfolio rent out the larger unit and this building becomes an attractive investment. This property offers a great opportunity for either owner occupancy or as an investment. Connect with your local agent today and request a time to view this property!!