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.
Closed
Listed by:
Hughes Group Team,
Casella Real Estate 802-772-7487
Bought with: Casella Real Estate
$137,500
55 Forest Street, Rutland City, VT 05701
2beds
1,676sqft
Multi Family
Built in 1900
-- sqft lot
$145,900 Zestimate®
$82/sqft
$1,948 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: August 28, 2024 at 10:55am
Listed by:
Hughes Group Team,
Casella Real Estate 802-772-7487
Bought with:
Hughes Group Team
Casella Real Estate
Source: PrimeMLS,MLS#: 5011287
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Propane, Oil, Baseboard, Forced Air, Hot Water, Wall Units
Cooling
- None
Features
- Flooring: Carpet, Laminate, Vinyl, Wood
- Basement: Unfinished,Interior Entry
Interior area
- Total structure area: 2,514
- Total interior livable area: 1,676 sqft
- Finished area above ground: 1,676
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel
Features
- Levels: Two
- Patio & porch: Porch
Lot
- Size: 3,049 sqft
- Features: City Lot
Details
- Parcel number: 54017017888
- Zoning description: Unknown
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame
- Foundation: Stone
- Roof: Metal,Slate
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Other
Community & neighborhood
Location
- Region: Rutland
Other
Other facts
- Road surface type: Paved