11 & 11 1/2 Lincoln AvenueRutland City, VT 05701MLS Number 4956623

Price: $167,500
Est. Mortgage of $/month
107 Days on Market

New Owner Welcome ! This 5-unit property was purchased in July 1982 and has been kept-up by the current owner who is carefully preparing to step away. This property is priced to sell and is being sold As-Is. Rents are currently very low resulting in a negative NOI today, all clearly detailed in the Seller's financial ledger page. There is good opportunity here to turn things around. Two units are vacant and can be easily shown, the remaining 3 units will need a thorough cleaning and renovations, requiring a 48-hour notice to tenants to show. The front building, north side roof, is near needing to be re-shingled; as you begin to lay out your top priorities here. LOCATION is less than half mile to the Marble Valley Transit District to head up to Killington, Middlebury, etc., or to simply get around town. Close to Amtrak local grocers retail restaurants parks library theater arts... ...it is simply a great location, when you stop to think about just how very much is so close by.

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Tax Information

Tax Year2022

Building

Year Built1900
Building ConstructionWood Frame
StyleColonial
Units5
Unit 1 Bath1
Unit 1 Bedrooms1
Unit 1 Floor Location1
Unit 1 Total Rooms3
Unit 2 Bath1
Unit 2 Bedrooms1
Unit 2 Floor Location2
Unit 2 Styleupstairs
Unit 2 Total Rooms3
Unit 3 Bath1
Unit 3 Bedrooms1
Unit 3 Floor Location1
Unit 3 Styledownstairs back
Unit 3 Total Rooms3
Unit 4 Bath1
Unit 4 Floor Location2
Unit 4 Styleupstairs back
Unit 4 Total Rooms3
Unit 5 Baths2
Unit 5 Bedrooms3
# of 1 Bedrooms4
# of 3+ Bedrooms1
Bathroom5
Total Baths5
BasementConcrete Floor, Dirt Floor, Unfinished, Interior Access
FoundationBrick, Stone

Basic Information

StatusPEN
List Price$167,500
Date Price Change06/10/2023
MLS Number4956623
MLS StatusPending

Property

Acreage0.27
Parking Spaces
Lot DescriptionCity Lot, Sloping
Square Feet4,241
APX Fin AG Sqft4,241
Road Frontage60
RoadsPublic
AreaHistoric District, In Town, Near Public Transportatn, Near Shopping

Utilities

Heat FuelOil
Heat SystemBaseboard, Hot Water
WaterPublic
Water HeaterElectric, Off Boiler, Owned
Electric100 Amp, Circuit Breaker(s)
SewerPublic
UtilitiesCable - Available, Fiber Optic Internt Avail, High Speed Intrnt -Avail

Location

VillageRutland
TownRutland City
StateVT
Zip05701
CountyRutland
ZoningRESD 1
Elementary SchoolNorthwest Primary School
Junior HighRutland Middle School
High SchoolRutland Senior High School
Flood Zone Y/NNo

Interior

FloorsCarpet, Hardwood, Laminate

Exterior

ExteriorAsbestos, Clapboard
RoofShingle
Exterior ColorLght Green

Amenities

Exterior AmenitiesDeck, Porch - Covered

Other

Taxes$6,550.52
Tax Year NotesYr 22-23
Seasonal Y/NNo
TrashOwner
Foot Print Dim4 Units + 1 Unit
Date Listed06/10/2023
Unit 1 Deposit$630
Unit 2 Rent Amount$650
Unit 3 Rent Amount$800
Unit 4 Rent amount$800
Unit 5 Rent amount$650
View Count4

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 September 25, 2023 2:38 AM EDT

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11 & 11 1/2 Lincoln AvenueRutland City, VT 05701MLS Number 4956623

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