162 State StreetRutland City, VT 05701MLS Number 4988073

  • Price: $348,000
  • Est. Mortgage of $/month
  • 188 Days on Market
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Federal 30-year interest rate: 6.2% last updated on Sep 12, 2024
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162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701
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  • 3,139Square Feet
  • 0.17Acreage
  • 1890Year Built
  • ActiveMLS Status
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 two of the four units. There is potential for more income provided by a large 2.5-story garage on the property, that was previously rented monthly. 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 over 10% at asking price. This investment opportunity combines practicality with profitability in a sought-after location. See it for yourself today!
Listed by Betsy Adamovich of Real Broker LLC

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Office: 802-388-4242
34 Main Street
Middlebury, VT 05753

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Basic Information

  • StatusACT
  • List Price$348,000
  • Date Price Change08/09/2024
  • MLS Number4988073
  • MLS StatusActive

Property

  • Acreage0.17
  • Parking Spaces2
  • Square Feet3,139
  • APX Fin AG Sqft3,139
  • RoadsPaved, Public

Amenities

  • PricePerSqFt110.86

Other

  • Seasonal Y/NNo
  • Date Listed03/15/2024
  • Unit 1 Deposit$1,350
  • Unit 2 Rent Amount$950
  • Unit 3 Rent Amount$950
  • Unit 4 Rent amount$850
  • View Count11

Location

  • TownRutland City
  • StateVT
  • Zip05701
  • CountyRutland
  • ZoningNB
  • Flood Zone Y/NUnknown

Exterior

  • RoofShingle

Utilities

  • Heat FuelElectric, Gas - LP/Bottle, Oil
  • Heat SystemElectric, Forced Air, Gas Heater, Wall Units, Mini Split
  • ElectricCircuit Breaker(s)
  • SewerPublic
  • UtilitiesCable - Available, Gas - LP/Bottle, Telephone Available

Building

  • Year Built1890
  • Units4
  • Unit 1 Bath1
  • Unit 1 Bedrooms3
  • Unit 1 Floor Location1
  • Unit 2 Bath1
  • Unit 2 Bedrooms2
  • Unit 2 Floor Location2
  • Unit 3 Bath1
  • Unit 3 Bedrooms1
  • Unit 3 Floor Location2
  • Unit 4 Bath1
  • Unit 4 Floor Location3
  • # of 1 Bedrooms2
  • # of 2 Bedrooms1
  • # of 3+ Bedrooms1
  • BasementConcrete Floor, Full, No Tenant Access, Unfinished
  • FoundationStone
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Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated September 18, 2024 12:59 PM EDT

 

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