Unlock your next investment property! This multifamily provides the perfect blend of charm, convenience, and outdoor adventure right here in the heart of West Rutland. What once was a mix use of downtown shops and apartments, has since been converted into 4 unique, spacious apartments which are all currently occupied and generating income. Located in town, residents have easy access to local amenities such as shops, restaurants, schools, and public transportation, ensuring convenience and connectivity for daily needs. Boasting original 1900's character, modern updates, and close proximity to skiing, lakes, golf courses, and other outdoor activities, this property offers an unparalleled living experience for both residents and visitors alike. Enjoy peace of mind with numerous updates including upgraded electrical systems, a vapor barrier, blown-in spray foam insulation in the basement for improved energy efficiency, and a newer high-efficiency boiler for optimal comfort. Ample shared parking space is available, including a large outbuilding for additional storage. This property presents an excellent investment opportunity to it's new savvy owners with nearly a 9% cap rate all while having rents well below current market value. Give us a call today!
4989348
Multi-Family, 2 Story
VT-Rutland
1900
0.25
Acres
Public
2
Public Sewer
3,535
Sq. Ft.
School Information
Greater Rutland County Supervisory Union
West Rutland School
West Rutland School
West Rutland School
Interior Features
- Square FootageAbove (approx)
- 3,535 Sq. Ft. Above Ground. Sq. Ft. Below Ground.
- Flooring
- Hardwood, Tile, Laminate
- Heating
- Electric Heating. Baseboard.
- Basement
- Crawl Space, Finished, Unfinished
Exterior / Lot Features
- Parking
- Gravel, Shared Driveway.
- Lot View
- Mountain
- Zoning
- Mixed Use
Auctioneer Information
Right Hand Side of Marble Street Past Thrall Avenue.
Financial Considerations
$2,681
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