162 State StreetRutland City, VT 05701MLS Number 4988073

  • Price: $350,000
  • Est. Mortgage of $/month
  • 31 Days on Market
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Federal 30-year interest rate: 6.88% last updated on Apr 11, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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Active with Contract
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 05701
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  • 0.17Acreage
  • 1890Year Built
  • 3,139Square Feet
  • NBZoning

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Listed by Betsy Adamovich of Real Broker LLC
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

  • StatusActive With Contract
  • List Price$350,000
  • Date Price Change03/14/2024
  • MLS Number4988073
  • MLS StatusActive Under Contract

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

Location

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

Property

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

Amenities

  • PricePerSqFt111.5

Other

  • Seasonal Y/NNo
  • Date Listed03/15/2024
  • View Count3

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
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 April 14, 2024 8:38 PM EDT

 

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