162 State StreetRutland City, VT 05701MLS Number 4988073

Price: $348,000
Est. Mortgage of $/month
184 Days on Market

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. There is potential for more income provided by a large 2.5-story garage on the property, that was previously rented monthly. As the city pushes for more housing, this huge garage would be a fantastic candidate for an additional unit conversion! The cap rate on this property is over 10% at asking price. This investment opportunity combines practicality with profitability in a sought-after location. See it for yourself today!

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Basic Information

StatusACT
List Price$348,000
Date Price Change08/09/2024
MLS Number4988073
MLS StatusActive

Property

Acreage0.17
Parking Spaces2
Square Feet3,139
APX Fin AG Sqft3,139
RoadsPaved, Public

Amenities

PricePerSqFt110.86

Other

Seasonal Y/NNo
Date Listed03/15/2024
Unit 1 Deposit$1,350
Unit 2 Rent Amount$950
Unit 3 Rent Amount$950
Unit 4 Rent amount$850
View Count19

Location

TownRutland City
StateVT
Zip05701
CountyRutland
ZoningNB
Flood Zone Y/NUnknown

Exterior

RoofShingle

Utilities

Heat FuelElectric, Gas - LP/Bottle, Oil
Heat SystemElectric, Forced Air, Gas Heater, Wall Units, Mini Split
ElectricCircuit Breaker(s)
SewerPublic
UtilitiesCable - Available, Gas - LP/Bottle, Telephone Available

Building

Year Built1890
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
BasementConcrete Floor, Full, No Tenant Access, Unfinished
FoundationStone

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 September 14, 2024 1:40 PM EDT

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162 State StreetRutland City, VT 05701MLS Number 4988073

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