Closed
Listed by:
Hughes Group Team,
Casella Real Estate 802-772-7487
Bought with: Casella Real Estate
$137,500
57 Forest Street, Rutland City, VT 05701
6beds
1,680sqft
Multi Family
Built in 1900
-- sqft lot
$150,100 Zestimate®
$82/sqft
$1,509 Estimated rent
Home value
$150,100
$120,000 - $188,000
$1,509/mo
Zestimate® history
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Owner options
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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 10:53am
Listed by:
Hughes Group Team,
Casella Real Estate 802-772-7487
Bought with:
Hughes Group Team
Casella Real Estate
Source: PrimeMLS,MLS#: 5000635
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- 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: 2,520
- Total interior livable area: 1,680 sqft
- Finished area above ground: 1,680
- 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: 54017012766
- 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
| Date | Event | Price |
|---|---|---|
| 8/27/2024 | Sold | $137,500-50.7%$82/sqft |
Source: | ||
| 6/14/2024 | Listed for sale | $279,000+236.1%$166/sqft |
Source: | ||
| 9/2/1999 | Sold | $83,000$49/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $67,200 |
| 2023 | -- | $67,200 |
| 2022 | -- | $67,200 |
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: 1.8 mi

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