40 Summer StreetRutland City, VT 05701MLS Number 5015604

  • Price: $299,000
  • Est. Mortgage of $/month
  • 19 Days on Market
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Federal 30-year interest rate: 6.32% last updated on Oct 10, 2024
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40 Summer Street Rutland City VT 0570140 Summer Street Rutland City VT 0570140 Summer Street Rutland City VT 0570140 Summer Street Rutland City VT 0570140 Summer Street Rutland City VT 0570140 Summer Street Rutland City VT 0570140 Summer Street Rutland City VT 0570140 Summer Street Rutland City VT 0570140 Summer Street Rutland City VT 0570140 Summer Street Rutland City VT 0570140 Summer Street Rutland City VT 0570140 Summer Street Rutland City VT 0570140 Summer Street Rutland City VT 0570140 Summer Street Rutland City VT 0570140 Summer Street Rutland City VT 0570140 Summer Street Rutland City VT 0570140 Summer Street Rutland City VT 0570140 Summer Street Rutland City VT 0570140 Summer Street Rutland City VT 0570140 Summer Street Rutland City VT 0570140 Summer Street Rutland City VT 0570140 Summer Street Rutland City VT 0570140 Summer Street Rutland City VT 0570140 Summer Street Rutland City VT 0570140 Summer Street Rutland City VT 0570140 Summer Street Rutland City VT 05701
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  • 0.12Acreage
  • 4Bathrooms
  • 1850Year Built
  • 2,886Square Feet

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Listed by Mark Triller of Real Broker LLC
Looking for the perfect investment property, or perfect opportunity to owner occupy? Then you need to check out this well maintained, 3 unit, 4 bed, 4 bath, multi-family property only a few blocks from downtown shopping, dining and events. Two of the apartments, #2 and #3, were recently renovated in 2022 ( see attached list of improvements ) with new washers and dryers, vinyl plank flooring, kitchen counter tops and cabinets, and new appliances and an energy efficient mini split in apt#3 for Summer cooling and economical heat. This property has a single oil FHA furnace replaced in 2000 and a new oil tank replaced in 2022 with vinyl siding and newer vinyl windows all around and an electrical cost saving solar array on the roof. All old knob and tube wiring terminated and replaced. And you'll find that there is little to no deferred maintenance here at this property. Month to month leases with reliable rental income and an opportunity to improve cash flow. There's plenty of on-street and off-street parking as well a carport to get your car out of the weather and a large rear deck to enjoy the mountain view. You're less than 20 minutes from Killing/Pico Ski Resorts, and less than 2 hours from Burlington or Albany Airport. This is a must see.

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Tax Information

  • Tax Year2025

Building

  • Year Built1850
  • Units3
  • Unit 1 Bath1
  • Unit 1 Bedrooms1
  • Unit 1 Floor Location1
  • Unit 2 Bath1
  • Unit 2 Bedrooms1
  • Unit 2 Floor Location1
  • Unit 3 Bath2
  • Unit 3 Bedrooms2
  • Unit 3 Floor Location2
  • # of 1 Bedrooms2
  • # of 2 Bedrooms1
  • Bathroom4
  • Total Baths4
  • BasementStairs - Interior, Unfinished
  • FoundationFieldstone

Basic Information

  • StatusACT
  • List Price$299,000
  • Date Price Change09/23/2024
  • MLS Number5015604
  • MLS StatusActive

Property

  • Acreage0.12
  • Parking Spaces
  • Square Feet2,886
  • APX Fin AG Sqft2,886
  • RoadsPublic

Exterior

  • RoofShingle

Amenities

  • Exterior AmenitiesDeck, Porch - Covered
  • PricePerSqFt103.6

Other

  • Taxes$4,513
  • Seasonal Y/NNo
  • Date Listed09/23/2024
  • Unit 1 Deposit$500
  • Unit 2 Rent Amount$1,000
  • Unit 3 Rent Amount$1,600
  • View Count4

Location

  • TownRutland City
  • StateVT
  • Zip05701
  • CountyRutland
  • Zoning10
  • Elementary SchoolNorthwest Primary School
  • Junior HighRutland Intermediate School
  • High SchoolRutland Senior High School
  • Flood Zone Y/NUnknown

Interior

  • FloorsCarpet, Laminate

Utilities

  • Heat FuelOil
  • Heat SystemForced Air
  • ElectricCircuit Breaker(s)
  • SewerPublic
  • UtilitiesCable - At Site, Telephone Available
Ault Commercial Realty

Your Local Office

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