Rutland City, VT 05701,57 Forest ST
Rutland City, VT 05701,57 Forest ST
Rutland City, VT 05701,57 Forest ST
Rutland City, VT 05701,57 Forest ST
Rutland City, VT 05701,57 Forest ST
Rutland City, VT 05701,57 Forest ST
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Listed by Hughes Group Team • Casella Real Estate
Bought with Hughes Group Team • Casella Real Estate

$137,500

$279,000

50.7%
Est.Price: ?

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Est. payment /mo

6 Beds

2 Baths

1,680 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 1,680 sqft

Price per Sqft $81

MLS Listing ID 5000635

Sold Date 08/27/24

Bedrooms 6

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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