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West Rutland,VT 05777
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,535 sqft
Price per Sqft $89
MLS Listing ID 5052819
Bedrooms 8
Full Baths 4
Construction Status Existing
Year Built 1900
Annual Tax Amount $2,921
Tax Year 2024
Lot Size 10,890 Sqft
Acres 0.25
Property Description
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 good 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, some newer windows and siding, and also 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 10% cap rate all while having rents that have room to increase to match todays current market. Give us a call today!
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning Mixed Use
Rooms
Basement Entrance Walkout
Basement Crawl Space,Unfinished
Interior
Cooling None
Flooring Hardwood,Laminate,Tile
Exterior
Utilities Available Cable Available,Telephone Available
Waterfront Description No
View Y/N No
Water Access Desc No
View No
Roof Type Flat,Membrane
Building
Story 2
Sewer Public
Architectural Style Multi-Family
Construction Status Existing
Schools
Elementary Schools West Rutland School
Middle Schools West Rutland School
High Schools West Rutland School
School District Greater Rutland County Supervisory Union