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  • 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
    $148,300 Zestimate®
    $82/sqft
    $1,755 Estimated rent

    Home value

    $148,300

    $90,000 - $243,000

    $1,755/mo

    Zestimate® history
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    $1,755/mo

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    $794/mo

    Est. payment

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    $794/mo

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    What's special

    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.

    Zillow last checked: 8 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#: 5011287MLS Logo

    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

    Price history

    DateEventPrice
    8/27/2024Sold$137,500$82/sqft
    Source: PrimeMLS #5011287
    8/26/2024Listed for sale$137,500+175%$82/sqft
    Source: PrimeMLS #5011287
    9/4/2012Sold$50,000-39%$30/sqft
    Source: Public Record
    4/9/1999Sold$82,000$49/sqft
    Source: Public Record

    Public tax history

    YearProperty taxesTax assessment
    2024-- $72,900
    2023-- $72,900
    2022-- $72,900

    Find assessor info on the county website

    Neighborhood: Rutland City

    Nearby schools

    GreatSchools rating
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