RUTLAND CITY: Excellent investment opportunity! This income producing 4-unit multifamily offers immediate cash flow with tremendous value-add potential. Three units are currently occupied with a long history of reliable tenancy, while the fourth unit is ready for completion, providing an excellent opportunity to increase rental income. Current rents are well below market, offering significant upside for investors. The property features new electrical throughout the building, four separate electric meters, a durable slate roof in excellent condition, and public water and sewer. Conveniently located near downtown Rutland, shopping, restaurants, schools, and public transportation, this is an outstanding opportunity to add a well-positioned property to your portfolio.
| MLS # | 5103041 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | (31) Under Contract - Active Under Contract |
| Year | 1880 |
| Days On Site | 72 |
| Listing Provided By | Westside Real Estate | Owen T Loughan |
| Garage | 1 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 4 |
| Zoning | Residential |
| Acreage | 0.16 |
| Rooms Total | 0 |
|---|---|
| Cooling | Wall/Window Unit(s) |
| Heating | Baseboard, Hot Water |
| Roof | Asphalt Shingle, Slate |
|---|---|
| Construction Materials | Wood Frame, Aluminum Siding, Clapboard Exterior |
| Foundation Details | Concrete, Stone |
| Lot Features | City Lot, Sidewalks, Street Lights, Near Country Club, Near Shopping, Near Skiing, Near Public Transit, Near Hospital |
| Garage Yes / No | Yes |
|---|---|
| Parking Features | On Site |
| Utilities | Other |
|---|---|
| Electric | 200+ Amp Service |
| Sewer | Public Sewer |
| State | VT |
|---|---|
| County | Rutland |
| City | Rutland City |
| Zip Code | 05701 |
| Area | VT Rutland |
| School District | Rutland City School District |
| Elementary School | Rutland Northeast Primary Sch |
| High School | Rutland Senior High School |
| Listing VS Median (in 05701) | |
Price: $320,000 low | high Med: $101,899 On site: 72 low | high Med: 462 | |
| State | VT |
|---|---|
| County | Rutland |
| City | Rutland City |
| Zip Code | 05701 |
| Area | VT Rutland |
| School District | Rutland City School District |
| Elementary School | Rutland Northeast Primary Sch |
| High School | Rutland Senior High School |
| Listing VS Median (in 05701) | |
Price: $320,000 low | high Med: $101,899 On site: 72 low | high Med: 462 | |