Great opportunity for owner occupant and collect rents as an income, when all rented your gross yearly income is over $72K and net over $45K a year , Cap Rate at the full price is over 13% . Great location walking distance to shopping and restaurants, this property is great for traveling nurses, or ski resort workers, another potential is use some units as Air B & B property has been maintained well no deferred maintenance, many recent update. including unit renovations, even though the owner is paying oil expense for the heat, it does have Separate utilities if you choose to go that route and have tenants pay for their own heat, great rental history for that location .
Closed
Listed by:
Mike Kalil,
Watson Realty & Associates 802-773-3500
Bought with: Watson Realty & Associates
$350,000
55 Prospect Street, Rutland City, VT 05701
9beds
3,591sqft
Multi Family
Built in 1864
-- sqft lot
$373,400 Zestimate®
$97/sqft
$1,559 Estimated rent
Home value
$373,400
$295,000 - $474,000
$1,559/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: November 15, 2024 at 08:18am
Listed by:
Mike Kalil,
Watson Realty & Associates 802-773-3500
Bought with:
Mike Kalil
Watson Realty & Associates
Source: PrimeMLS,MLS#: 5001759
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Propane, Oil, Hot Air, Wall Units
Cooling
- Wall Unit(s)
Appliances
- Included: Propane Water Heater, Oil Water Heater
Features
- Basement: Full,Exterior Stairs,Unfinished,Walk-Up Access
Interior area
- Total structure area: 4,391
- Total interior livable area: 3,591 sqft
- Finished area above ground: 3,591
- Finished area below ground: 0
Property
Parking
- Total spaces: 5
- Parking features: Gravel, Off Street, Parking Spaces 5, Unassigned, Unpaved
Features
- Levels: Two
- Frontage length: Road frontage: 100
Lot
- Size: 9,148 sqft
- Features: City Lot
Details
- Parcel number: 54017011223
- Zoning description: Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Asphalt Exterior, Vinyl Exterior
- Foundation: Brick, Stone
- Roof: Asphalt Shingle
Condition
- New construction: No
- Year built: 1864
Utilities & green energy
- Electric: 100 Amp Service, 220 Plug, Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable
Community & neighborhood
Location
- Region: Rutland
Price history
| Date | Event | Price |
|---|---|---|
| 11/15/2024 | Sold | $350,000$97/sqft |
Source:  PrimeMLS #5001759 | ||
| 9/24/2024 | Contingent | $350,000$97/sqft |
Source: PrimeMLS #5001759 | ||
| 6/21/2024 | Listed for sale | $350,000+100%$97/sqft |
Source: PrimeMLS #5001759 | ||
| 4/15/2021 | Sold | $175,000-2.2%$49/sqft |
Source: PrimeMLS #4849042 | ||
| 3/3/2021 | Contingent | $179,000$50/sqft |
Source: PrimeMLS #4849042 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $132,400 |
| 2023 | -- | $132,400 |
| 2022 | -- | $132,400 |
Find assessor info on the county website
Neighborhood: Rutland City
Nearby schools
GreatSchools rating
- 4/10Rutland Intermediate SchoolGrades: 3-6Distance: 0.7 mi
- 3/10Rutland Middle SchoolGrades: 7-8Distance: 0.7 mi
- 8/10Rutland Senior High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Northwest Primary School
- Middle: Rutland Middle School
Source: PrimeMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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