42 Jackson AvenueRutland City, VT 05701MLS Number 4950697

Price: $205,000
Est. Mortgage of $/month
34 Days on Market

If you are looking for your next investment opportunity, here is a well maintained 3-unit multifamily in Rutland City with a cap rate of just over 12%. On the first floor is a 3-bedroom 1-bathroom unit that is rented for $1300 a month, these tenants pay for their electric and also take care of snow removal, lawn care, and trash for the property in trade for use of the 2-car garage. The seller estimates the cost of these operating expenses would be approximately $2400 per year if outsourced. On the second floor are the 2 other units which rent for $1050 (2-bedroom) and $850 (1-bedroom) per month and tenants pay for their electric. Seller has wonderful tenants and has nicely maintained the property, but is relocating and does not want to own the property from such a far distance.

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Basic Information

StatusActive With Contract
List Price$205,000
MLS Number4950697
MLS StatusActive Under Contract

Property

Acreage0.25
Parking Spaces2
Lot DescriptionCity Lot
Square Feet2,444
APX Fin AG Sqft2,444
RoadsPaved, Public

Other

Taxes$5,158.92
Seasonal Y/NNo
Unit 1 Deposit$1,300
Unit 2 Rent Amount$1,050
View Count1

Location

TownRutland City
StateVT
Zip05701
CountyRutland
Zoningunknown
Flood Zone Y/NUnknown

Interior

FloorsCarpet, Hardwood, Laminate

Exterior

ExteriorVinyl
RoofSlate

Utilities

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

Building

Year Built1880
Building ConstructionWood Frame
StyleMulti-Family
Units3
Unit 1 Bath1
Unit 1 Bedrooms3
Unit 1 Floor Location1
Unit 1 Total Rooms6
Unit 2 Bath1
Unit 2 Bedrooms2
Unit 2 Total Rooms5
Unit 3 Bath1
Unit 3 Bedrooms1
Unit 3 Total Rooms3
# of 1 Bedrooms1
# of 2 Bedrooms1
# of 3+ Bedrooms1
Bathroom3
Total Baths3
BasementUnfinished
FoundationStone

Copyright 2023 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 June 4, 2023 7:23 AM EDT

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Your Questions & Comments I found a listing on "Ault Commercial Realty, Inc." which you may be interested in:

42 Jackson AvenueRutland City, VT 05701MLS Number 4950697

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