162 State Street , Rutland City, VT 05701
Rutland City, VT 05701
Description
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 two of the four units. There is potential for more income provided by a large 2.5-story garage on the property, that was previously rented monthly. 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 over 10% at asking price. This investment opportunity combines practicality with profitability in a sought-after location. See it for yourself today!
Details
| MLS# | 4988073 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1890 |
| Days On Site | 177 |
| Listing Provided By | Real Broker LLC | Betsy Adamovich |
Features
| SQ Feet | 5,260 |
|---|---|
| Garage | 2 |
| Basement | Y |
| Story(s) | 3 |
| Units | 4 |
| Zoning | NB |
| Acreage | 0.17 |
Market Activity 05701
_20230518140439.png){kind=small}
Copyright 2024 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Request a showing
Request a showing
Contact
Learn More About This Property
| State | VT |
|---|---|
| County | Rutland |
| City | Rutland City |
| Zip Code | 05701 |
| Listing VS Median (in 05701) | |
Price: $348,000 low | high Med: $299,000 SqFt: 5,260 low | high Med: 2,310 $ / SqFt: $66 low | high Med: $129 On Site: 177 low | high Med: 12.000000 | |