40 Grant AvenueRutland City, VT 05701MLS Number 4934188

  • Price: $239,900
  • Est. Mortgage of $/month
  • 43 Days on Market
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Federal 30-year interest rate: 6.58% last updated on Nov 23, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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Pending
40 Grant Avenue Rutland City VT 0570140 Grant Avenue Rutland City VT 0570140 Grant Avenue Rutland City VT 0570140 Grant Avenue Rutland City VT 0570140 Grant Avenue Rutland City VT 0570140 Grant Avenue Rutland City VT 0570140 Grant Avenue Rutland City VT 0570140 Grant Avenue Rutland City VT 0570140 Grant Avenue Rutland City VT 0570140 Grant Avenue Rutland City VT 0570140 Grant Avenue Rutland City VT 0570140 Grant Avenue Rutland City VT 05701
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  • 0.27Acreage
  • 5Bathrooms
  • 1900Year Built
  • 3,195Square Feet

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Listed by Hughes Group Team of Casella Real Estate
Here is a great 5-unit multifamily in Rutland City that has been very well maintained over the years. All units have 1 bedroom with a kitchen, living room, and full bathroom. The property offers plenty of off-street parking, a detached garage, and is vinyl sided for easy maintenance. Conveniently located within walking distance to downtown. The property currently has a CAP rate of 8%, but this is using past rental income. Units 3, 4, and 5 are now vacant and rental amounts were well below market rate. If those three units were at market rate the projected new cap rate would be just over 13%. The two occupied units are also below market rent leaving even more room to increase the income potential. Unit 3 had a very long-term tenant and is in need of a total rehab, but once complete all units would be in great condition!

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More Info

Basic Information

  • StatusPEN
  • List Price$239,900
  • Date Price Change10/19/2022
  • MLS Number4934188
  • MLS StatusPending

Property

  • Acreage0.27
  • Parking Spaces1
  • Lot DescriptionCity Lot
  • Square Feet3,195
  • APX Fin AG Sqft3,195
  • RoadsPaved, Public

Other

  • Taxes$5,676.88
  • Seasonal Y/NNo
  • Unit 1 Deposit$700
  • Unit 2 Rent Amount$730
  • Unit 3 Rent Amount$600
  • Unit 4 Rent amount$600
  • Unit 5 Rent amount$600
  • View Count1

Location

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

Exterior

  • ExteriorVinyl Siding
  • RoofSlate

Utilities

  • Heat FuelOil
  • Heat SystemBaseboard, Hot Water
  • WaterPublic
  • Water HeaterTank
  • ElectricCircuit Breaker(s)
  • SewerPublic
  • UtilitiesHigh Speed Intrnt -Avail, Telephone Available

Building

  • Year Built1900
  • Building ConstructionWood Frame
  • StyleMulti-Family
  • Units5
  • Unit 1 Bath1
  • Unit 1 Bedrooms1
  • Unit 1 Total Rooms3
  • Unit 2 Bath1
  • Unit 2 Bedrooms1
  • Unit 2 Total Rooms3
  • Unit 3 Bath1
  • Unit 3 Bedrooms1
  • Unit 3 Total Rooms3
  • Unit 4 Bath1
  • Unit 4 Total Rooms3
  • Unit 5 Baths1
  • Unit 5 Bedrooms1
  • # of 1 Bedrooms5
  • Bathroom5
  • Total Baths5
  • BasementUnfinished
  • FoundationStone
Ault Commercial Realty
Ault Commercial Realty
Office: 802.773.0600
PO Box 6306
Rutland, VT 05702
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Copyright 2022 New England Real Estate Network, Inc. All rights reserved. This display of listings may or may not be the entire Compilation from the NEREN database, and NEREN does not guarantee the accuracy of such information. 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 November 28, 2022 3:55 PM EST.

 

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