162 State StreetRutland City, VT 05701MLS Number 4984468

  • Price: $350,000
  • Est. Mortgage of $/month
  • 26 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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162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701162 State Street Rutland City VT 05701
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  • 0.17Acreage
  • 2Bathrooms
  • 1890Year Built
  • 3,139Square Feet

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Listed by Betsy Adamovich of Casella Real Estate
RUTLAND CITY, VT - This well-maintained four-unit property offers excellent rental history and strong cash flow, making it a smart choice for investors. Positioned on a corner lot, it's conveniently close to public transportation, enhancing tenant appeal. The building features spacious 9-foot ceilings on the first floor and includes energy-efficient minisplit heat pumps in two of the four units. Additional income is provided by a large 2.5-story garage on the property, currently rented monthly. As the city pushes for more housing, this huge garage would be a fantastic candidate for an accessory dwelling unit conversion! The cap rate on this property with the new rents is 11.8% at asking price! This investment opportunity combines practicality with profitability in a sought-after location. See it for yourself today!

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More Info

Basic Information

  • StatusACT
  • List Price$350,000
  • Date Price Change02/08/2024
  • MLS Number4984468
  • MLS StatusActive

Property

  • Acreage0.17
  • GarageLeased, Storage Above
  • Parking Spaces2
  • Lot DescriptionCity Lot, Corner, Level, Sidewalks
  • Square Feet3,139
  • APX Fin AG Sqft3,139
  • RoadsPaved, Public
  • AreaIn Town, Near Public Transportatn

Amenities

  • Exterior AmenitiesBalcony, Porch, Porch - Covered, Shed
  • PricePerSqFt111.5

Other

  • Seasonal Y/NNo
  • Date Listed02/08/2024
  • View Count2

Location

  • TownRutland City
  • StateVT
  • Zip05701
  • CountyRutland
  • ZoningNB
  • Flood Zone Y/NNo

Interior

  • FloorsCarpet, Laminate, Tile

Exterior

  • ExteriorClapboard, Wood Siding
  • RoofShingle

Utilities

  • Heat FuelElectric, Gas - LP/Bottle, Oil
  • Heat SystemForced Air, Wall Units, Mini Split
  • WaterPublic Water - On-Site
  • Water HeaterElectric
  • ElectricCircuit Breaker(s)
  • SewerPublic Sewer On-Site
  • UtilitiesCable - Available, Gas - LP/Bottle, High Speed Intrnt -Avail, Telephone Available

Building

  • Year Built1890
  • Building ConstructionWood Frame
  • StyleMulti-Family, Victorian
  • Units4
  • Unit 1 Bath1
  • Unit 1 Bedrooms3
  • Unit 1 Floor Location1
  • Unit 2 Bath1
  • Unit 2 Bedrooms2
  • Unit 2 Floor Location2
  • Unit 3 Bath1
  • Unit 3 Bedrooms1
  • Unit 3 Floor Location2
  • Unit 4 Bath1
  • Unit 4 Floor Location3
  • # of 1 Bedrooms2
  • # of 2 Bedrooms1
  • # of 3+ Bedrooms1
  • Bathroom2
  • Total Baths2
  • BasementConcrete Floor, Full, No Tenant Access, Unfinished
  • FoundationStone
Ault Commercial Realty
Ault Commercial Realty
Office: 802.773.0600
PO Box 6306
Rutland, VT 05702
Broker Reciprocity 

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 1:10 AM EST

 

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