$348,000 ($110.86 per sqft)

Est. Mortgage $1,850/mo *

Quick Pre-Approval

Listing courtesy of Betsy Adamovich, Real Broker LLC Phone: 802-613-0729


162 State Street, Rutland City, VT, 05701

162 State Street, Rutland City, VT, 05701

7 beds

1890

Multi-Family, Victorian

3,139 sqft

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!


Status:

Active

Type:

Multi-family

Units:

4

Zoning:

NB

Garage:

2-car Garage

Heating:

Electric, Forced Air, Gas Heater, Wall Units, Mini Split

Cooling:

Mini Split

Basement:

Concrete Floor, Full, No Tenant Access, Unfinished

Parking:

Driveway, Garage

Acreage:

0.17

Lot Description:

City Lot,Corner,Level,Sidewalks

MLS #:

4988073


Community Info

School Info

Walk Score

Mass Transit

Yelp