VT > Rutland City
Rutland City, VT 05701,162 State ST
Rutland City, VT 05701,162 State ST
Rutland City, VT 05701,162 State ST
Rutland City, VT 05701,162 State ST
Rutland City, VT 05701,162 State ST
Rutland City, VT 05701,162 State ST
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Austin Bryant

Austin Bryant

+1(978) 501-2547
Listed by Betsy Adamovich • Real Broker LLC
$ 348,000
Est. payment | /mo

7 Beds

4 Baths

3,139 SqFt

Save
$ 348,000
Est. payment | /mo
Save

7 Beds

4 Baths

3,139 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,139 sqft

Price per Sqft $110

MLS Listing ID 4988073

Bedrooms 7

Full Baths 4

Construction Status Existing

Year Built 1890

Lot Size 7,405 Sqft

Acres 0.17

Property Description

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!

Location

State VT

County Vt-rutland

Area Vt-Rutland

Zoning NB

Rooms

Basement Entrance Walk-up

Basement Concrete Floor, Full, No Tenant Access, Unfinished

Interior

Heating Electric, Gas - LP/Bottle, Oil

Cooling Mini Split

Exterior

Garage Spaces 2.0

Garage Description Driveway, Garage

Utilities Available Cable - Available, Gas - LP/Bottle, Telephone Available

Roof Type Shingle

Building

Story 3

Foundation Stone

Sewer Public

Construction Status Existing

PrimeMLS
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(978) 501-2547

austin@oceanview-realestate.com

8 Elm St, Newton, Hampshire, 03858, United States

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162 State ST