Rutland City, VT 05701,55 Forest ST
Rutland City, VT 05701,55 Forest ST
Rutland City, VT 05701,55 Forest ST
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Listed by Hughes Group Team • Casella Real Estate
Bought with Hughes Group Team • Casella Real Estate

$137,500

$137,500

Est.Price: ?

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Est. payment /mo

2 Beds

2 Baths

1,676 SqFt


SOLD DATE : 08/27/2024

Key Details

Sold Price $137,500

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 1,676 sqft

Price per Sqft $82

MLS Listing ID 5011287

Sold Date 08/27/24

Bedrooms 2

Full Baths 2

Construction Status Existing

Year Built 1900

Annual Tax Amount $4,993

Tax Year 2024

Lot Size 3,049 Sqft

Acres 0.07

Property Description

Don't miss this chance to acquire a high-yield property in Rutland City. Whether you're a seasoned investor or looking to start your real estate portfolio, these buildings offer an excellent opportunity for stable and profitable returns. One building consists of two 3-bedroom 1-bathroom units and the other of two 1 bedroom 1-bathroom units. Heat and electricity are separately metered, minimizing owner expenses as tenants are responsible for their own utilities. The two buildings have a shared driveway as well as off-street parking that is exempt from Rutland City's winter parking ban, providing convenience for tenants year-round. This property has the potential for a 13% cap rate, gross income is based on projected market rates, 2 units are currently vacant leaving a buyer the ability to fill the vacancies with tenants of their choice. Call for a breakdown of the financials and to schedule a showing of this great investment opportunity.

Location

State VT

County Vt-rutland

Area Vt-Rutland

Zoning Unknown

Rooms

Basement Entrance Interior

Basement Unfinished

Interior

Heating Gas - LP/Bottle, Oil

Cooling None

Flooring Carpet, Laminate, Vinyl, Wood

Exterior

Utilities Available Other

Roof Type Metal,Slate

Building

Story 2

Foundation Stone

Sewer Public

Construction Status Existing

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