40 Summer StreetRutland City, VT 05701MLS Number 5015604

Price: $299,000
Est. Mortgage of $/month
15 Days on Market

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 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.

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Tax Information

Tax Year2025

Building

Year Built1850
Units3
Unit 1 Bath1
Unit 1 Bedrooms1
Unit 1 Floor Location1
Unit 2 Bath1
Unit 2 Bedrooms1
Unit 2 Floor Location1
Unit 3 Bath2
Unit 3 Bedrooms2
Unit 3 Floor Location2
# of 1 Bedrooms2
# of 2 Bedrooms1
Bathroom4
Total Baths4
BasementStairs - Interior, Unfinished
FoundationFieldstone

Basic Information

StatusACT
List Price$299,000
Date Price Change09/23/2024
MLS Number5015604
MLS StatusActive

Property

Acreage0.12
Parking Spaces
Square Feet2,886
APX Fin AG Sqft2,886
RoadsPublic

Exterior

RoofShingle

Amenities

Exterior AmenitiesDeck, Porch - Covered
PricePerSqFt103.6

Other

Taxes$4,513
Seasonal Y/NNo
Date Listed09/23/2024
Unit 1 Deposit$500
Unit 2 Rent Amount$1,000
Unit 3 Rent Amount$1,600
View Count4

Location

TownRutland City
StateVT
Zip05701
CountyRutland
Zoning10
Elementary SchoolNorthwest Primary School
Junior HighRutland Intermediate School
High SchoolRutland Senior High School
Flood Zone Y/NUnknown

Interior

FloorsCarpet, Laminate

Utilities

Heat FuelOil
Heat SystemForced Air
ElectricCircuit Breaker(s)
SewerPublic
UtilitiesCable - At Site, Telephone Available

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 October 7, 2024 10:39 PM EDT

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40 Summer StreetRutland City, VT 05701MLS Number 5015604

$/month over payments

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