14 Cottage StreetRutland City, VT 05701MLS Number 4980962

  • Price: $710,000
  • 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
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14 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 0570114 Cottage Street Rutland City VT 05701
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  • 0.26Acreage
  • 8Bathrooms
  • 1880Year Built
  • 7,314Square Feet

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Listed by Betsy Adamovich of Casella Real Estate
RUTLAND CITY, VT - Here is an exceptional investment opportunity with a total of 8 potential income-generating units! This property features a 7-unit multi-family building and an inviting single-family home. Crafted with a mix of brick and wood frame construction, the 7-unit building stands as a testament to enduring quality and timeless appeal. The current owners have experienced significant profits, showcasing the remarkable rental potential of these well-maintained units. The central location of these units provides easy access to bus routes and daily necessities, ensuring effortless commutes and errands for tenants and owners alike. This added advantage enhances the property's overall appeal, addressing the practical needs of residents. What sets this investment apart from the rest is the rarity of finding a property with so many units that consistently yield strong cash flow. The prospect of owning 2 buildings with a total of 8 units is an extraordinary opportunity for astute investors. 14 & 14.5 Cottage Street is a solid investment in Rutland's real estate, offering a total of 8 units that promise enduring construction, a strategic location, and proven profitability. Cap rate over 10% at list price when fully rented! 4 other properties from the same portfolio are also currently listed for sale. Please inquire for further information regarding the other properties. Will not consider creative financing.

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Tax Information

  • Tax Year2023

Building

  • Year Built1880
  • Building ConstructionWood Frame
  • StyleApartment Building, Multi-Family, Other
  • Units8
  • Unit 1 Bath1
  • Unit 1 Total Rooms1
  • Unit 2 Bath1
  • Unit 2 Total Rooms1
  • Unit 3 Bath1
  • Unit 3 Total Rooms1
  • Unit 4 Bath1
  • Unit 5 Baths1
  • Unit 5 Bedrooms2
  • Unit 6 Baths1
  • Unit 6 Bedrooms2
  • Unit 7 Baths1
  • # of 1 Bedrooms4
  • Unit 7 Bedrooms2
  • # of 2 Bedrooms3
  • Unit 8 Baths1
  • # of 3+ Bedrooms1
  • Unit 8 Bedrooms3
  • Bathroom8
  • Total Baths8
  • BasementUnfinished
  • FoundationConcrete

Basic Information

  • StatusACT
  • List Price$710,000
  • Date Price Change12/28/2023
  • MLS Number4980962
  • MLS StatusActive

Property

  • Acreage0.26
  • Parking Spaces
  • Lot DescriptionCity Lot
  • Square Feet7,314
  • APX Fin AG Sqft7,314
  • RoadsPaved, Public

Amenities

  • PricePerSqFt97.07

Other

  • Taxes$8,829.76
  • Seasonal Y/NNo
  • Date Listed12/29/2023
  • View Count15

Location

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

Exterior

  • ExteriorBrick, Vinyl Siding
  • RoofMetal, Shingle - Asphalt, Slate

Utilities

  • Heat FuelOil
  • Heat SystemBaseboard, Hot Water
  • WaterPublic
  • Water HeaterElectric
  • 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 1:37 AM EST

 

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