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