162 State StreetRutland City, VT 05701MLS Number 4988073

  • Price: $348,000
  • Est. Mortgage of $/month
  • 275 Days on Market
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Federal 30-year interest rate: 6.6% last updated on Dec 12, 2024
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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 05701
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  • 0.17Acreage
  • 1890Year Built
  • 3,139Square Feet
  • ActiveMLS Status

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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 2 (soon to be 3) of the 4 units. Unit 2 was recently vacated and is receiving a facelift prior to new tenant placement. There is potential for more income provided by a large 2.5-story garage on the property, that was previously rented monthly for storage. 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 12% 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$348,000
  • Date Price Change08/09/2024
  • MLS Number4988073
  • MLS StatusActive

Property

  • Acreage0.17
  • GarageYes
  • Parking Spaces2
  • Lot DescriptionCity Lot, Corner, Level, Sidewalks
  • Square Feet3,139
  • APX Fin AG Sqft3,139
  • AreaVT-Rutland

Amenities

  • PricePerSqFt110.86

Location

  • TownRutland City
  • StateVT
  • Zip05701
  • CountyRutland
  • ZoningNB
  • Address162 State Street
  • Flood Zone Y/NUnknown

Exterior

  • RoofShingle

Utilities

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

Other

  • Seasonal Y/NNo
  • Operating Expenses12008
  • Date Listed03/15/2024
  • Unit 1 Deposit$1,650
  • Unit 2 Rent Amount$1,250
  • Unit 3 Rent Amount$950
  • Unit 4 Rent amount$850
  • View Count56

Building

  • Year Built1890
  • Building ConstructionWood Frame
  • 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

Your Local Office

More Info »
Ault Commercial Realty
Office: 802.773.0600
PO Box 6306
Rutland, VT 05702
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