Skip main navigation
Closed
  • Listed by: 

    Hughes Group Team,

    Casella Real Estate 802-772-7487

    $137,500

    55 Forest Street, Rutland City, VT 05701

    2beds
    1,676sqft
    Multi Family
    Built in 1900
    -- sqft lot
    $153,400 Zestimate®
    $82/sqft
    $-- HOA

    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: 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#: 5011287MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Baseboard, Forced Air, Hot Water, Wall Units, Gas - LP/Bottle, Oil
    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

    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, High Speed Intrnt -Avail

    Community & neighborhood

    Location
    • Region: Rutland

    Other

    Other facts
    • Road surface type: Paved
    Services availability
    Get pre-qualified for a loan
    At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.

    An equal housing lender. NMLS #10287.