Bought with Hughes Group Team • Casella Real Estate
$137,500
$279,000
50.7%For more information regarding the value of a property, please contact us for a free consultation.
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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