Rutland City Vermont Real Estate

Property being sold "AS IS' Where IS". 2 Family unit, or could be converted to single family . Perfect property for Rehab program available for Rutland City. New roof in 2015. New Furnace 2019.

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.

This turn-key two unit multi-family is ready to rent to the tenants of your choice. It has completely new electric throughout and updated plumbing! There are brand new windows, a very dry spray foam insulated basement, and newly insulated second floor. This property is zoned for commercial or residential with plenty of off-street parking and a highly visible front yard. This home could easily be turned into a single family! The first unit is a two bedroom with a three-quarter bathroom. It has a mudroom that leads to a large eat-in kitchen, with space for a laundry room and a stairway up to a second level bedroom. Down the hallway you will find a spacious living room and the second bedroom off of that. The second unit is a studio with a full kitchen, full bathroom and a large bonus room that could be used as a walk-in closet or office. It has been updated with tongue and groove ceiling and ship-lap walls. Both units have tons of natural light, mountain views, and new vinyl plank flooring throughout. Schedule your showing today!

Welcome to your future home! This delightful two-family residence is perfect for first-time homebuyers or savvy investors looking for a great opportunity. Nestled in a sought-after area, this cozy multi-family home offers a charming main floor apartment featuring two bedrooms, a beautifully updated kitchen and bath, a welcoming dining room, and a bright living room. You'll also love the inviting four-season porch, complete with a washer and dryer for your convenience. The exterior boasts low-maintenance vinyl siding and windows, while the main floor is heated by comfortable FHA oil heat. Upstairs, you'll find another lovely two-bedroom apartment, equipped with a generous walk-in closet, a cozy eat-in kitchen with a pantry, and dining room, perfect for gatherings. A single in-room gas heater keeps things warm. This property also features a newer shingled roof, a single-car garage/workshop, and a handy new utility shed ideal for all your garden tools, gadgets, or gear. Green thumbs will appreciate the garden space, and with two paved driveways, ample off-street parking is yours. Conveniently located just minutes from RRMC, White's Pool, and vibrant downtown shopping and entertainment, plus less than 20 minutes to the Pico/Killington Four Season Resort or Lake Bomoseen. This home offers a wealth of recreational opportunities right at your doorstep. Don’t miss out—schedule your appointment today to explore all that this charming property has to offer!

Looking for the perfect investment property, or perfect opportunity to owner occupy? Then you need to check out this well maintained, 3 unit, 4 bed, 4 bath, multi-family property only a few blocks from downtown shopping, dining and events. Two of the apartments, #2 and #3, were recently renovated in 2022 ( see attached list of improvements ) with new washers and dryers, vinyl plank flooring, kitchen counter tops and cabinets, and new appliances and an energy efficient mini split in apt#3 for Summer cooling and economical heat. This property has a single oil FHA furnace replaced in 2000 and a new oil tank replaced in 2022 with vinyl siding and newer vinyl windows all around and an electrical cost saving solar array on the roof. All old knob and tube wiring terminated and replaced. And you'll find that there is little to no deferred maintenance here at this property. Month to month leases with reliable rental income and an opportunity to improve cash flow. There's plenty of on-street and off-street parking as well a carport to get your car out of the weather and a large rear deck to enjoy the mountain view. You're less than 20 minutes from Killing/Pico Ski Resorts, and less than 2 hours from Burlington or Albany Airport. This is a must see.

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.

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.

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, 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!

Three unit apartment house. Nicely maintained throughout. The units consist of a two+ bedrooms, a two bedroom and a one bedroom. Corner lot close to RRMC, schools and near bus routes. Rents are below market value. Tenants are month to month. One car garage.

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.