78 Traverse PlaceRutland City, VT 05701MLS Number 4980959

  • Price: $440,000
  • Est. Mortgage of $/month
  • 67 Days on Market
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Federal 30-year interest rate: 6.94% last updated on Feb 29, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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78 Traverse Place Rutland City VT 0570178 Traverse Place Rutland City VT 0570178 Traverse Place Rutland City VT 0570178 Traverse Place Rutland City VT 0570178 Traverse Place Rutland City VT 0570178 Traverse Place Rutland City VT 0570178 Traverse Place Rutland City VT 0570178 Traverse Place Rutland City VT 0570178 Traverse Place Rutland City VT 0570178 Traverse Place Rutland City VT 0570178 Traverse Place Rutland City VT 0570178 Traverse Place Rutland City VT 0570178 Traverse Place Rutland City VT 0570178 Traverse Place Rutland City VT 0570178 Traverse Place Rutland City VT 0570178 Traverse Place Rutland City VT 0570178 Traverse Place Rutland City VT 0570178 Traverse Place Rutland City VT 05701
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  • 0.12Acreage
  • 5Bathrooms
  • 1900Year Built
  • 3,560Square Feet

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Listed by Betsy Adamovich of Casella Real Estate
RUTLAND CITY, VT - An exceptional investment opportunity at 78 Traverse Place! This property features 5 units, including 3 two-bedroom units, 1 efficiency unit, and 1 three-bedroom unit. The units are characterized by their spacious layouts and careful maintenance, offering tenants comfortable and inviting living spaces. All units are currently rented, ensuring a steady and lucrative income stream. The property's success in generating revenue reflects its appeal to tenants and the strategic decisions made by the current ownership. What sets 78 Traverse Place apart is its diverse unit mix, providing variety in housing options. This approach enhances the property's attractiveness to tenants and adds a layer of stability and long-term investment value. 78 Traverse Place is a prime investment in Rutland's real estate-a property with 5 well-maintained units, all currently rented and generating income. Don't miss out on this fantastic opportunity that blends comfort with financial success. At listing price, this property has a cap rate over 11%! 4 other buildings from this investment portfolio are also currently listed for sale. Please inquire for information on additional properties. Owner will not consider creative financing.

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More Info

Tax Information

  • Tax Year2023

Building

  • Year Built1900
  • Building ConstructionWood Frame
  • StyleApartment Building, Multi-Family
  • Units5
  • Unit 1 Bath1
  • Unit 1 Bedrooms2
  • Unit 2 Bath1
  • Unit 2 Bedrooms2
  • Unit 3 Bath2
  • Unit 3 Bedrooms3
  • Unit 4 Bath1
  • Unit 4 Total Rooms1
  • Unit 5 Baths1
  • Unit 5 Bedrooms2
  • # of 2 Bedrooms3
  • # of 3+ Bedrooms1
  • Bathroom5
  • Total Baths5
  • BasementUnfinished
  • FoundationConcrete

Basic Information

  • StatusACT
  • List Price$440,000
  • Date Price Change12/28/2023
  • MLS Number4980959
  • MLS StatusActive

Property

  • Acreage0.12
  • Parking Spaces
  • Lot DescriptionCity Lot
  • Square Feet3,560
  • APX Fin AG Sqft3,560
  • RoadsPaved, Public

Amenities

  • PricePerSqFt123.6

Other

  • Taxes$5,444.04
  • Seasonal Y/NNo
  • Date Listed12/29/2023
  • Unit 1 Deposit$1,200
  • Unit 2 Rent Amount$1,250
  • Unit 3 Rent Amount$1,635
  • Unit 4 Rent amount$1,100
  • Unit 5 Rent amount$1,150
  • View Count9

Location

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

Exterior

  • ExteriorWood
  • RoofShingle - Asphalt

Utilities

  • Heat FuelOil
  • Heat SystemBaseboard, Hot Water
  • WaterPublic
  • Water HeaterOff Boiler
  • ElectricCircuit Breaker(s)
  • SewerPublic
  • UtilitiesCable - Available, High Speed Intrnt -Avail, Telephone Available
Ault Commercial Realty
Ault Commercial Realty
Office: 802.773.0600
PO Box 6306
Rutland, VT 05702
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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 March 5, 2024 2:53 AM EST

 

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