43 Summer Street Rutland City VT 05701 Multi Family $479,000

$479,000 | $123 per sq.ft. Under Contract A 8 Unit Multi Family Home, in Rutland City VT With 6 - One Bedroom Units | 1 - Two Bedroom Units MLS# 5017747

Listed by Betsy Adamovich Real Broker LLC on October 8th 2024
43 Summer Street Rutland City VT 05701

DESCRIPTION

Investment Opportunity: 8-Unit Multifamily in Rutland City Don't miss this rare opportunity to own an 8-unit multifamily property located at 43 Summer St in Rutland City. The property includes 6 one-bedroom units, 1 two-bedroom unit, and a studio apartment. Current rents are well below market rate, presenting an ideal chance for an investor to boost cash flow and improve the overall cap rate by raising rents to reflect the true market potential. Situated in a convenient downtown location, this property provides easy access to local amenities, shops, and restaurants, making it highly attractive to tenants. With the rising demand for rental housing in Rutland, this property is well-positioned for long-term growth and value. Whether you're a seasoned investor or just starting to build your portfolio, this property offers significant upside potential.
Gross Income : $68680
Net Income: $

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UNIT 1 INFORMATION Beds: 1 Baths: 1 Rooms: 0 Rent : 650.00 Monthly Status : Leased	UNIT 2 INFORMATION Beds: 1 Baths: 1 Rooms: 0 Rent : 725.00 Monthly Status : Leased	UNIT 3 INFORMATION Beds: 1 Baths: 1 Rent : 900.00 Monthly Status : Leased	UNIT 4 INFORMATION Beds: 1 Baths: 1 Rent : 650.00 Monthly Status : Leased
UNIT 5 INFORMATION Beds: 1 Baths: 1 Rooms: 0 Rent : 750.00 Monthly	UNIT 6 INFORMATION Beds: 1 Baths: 1 Rent : 850.00 Monthly Status : Leased	UNIT 7 INFORMATION Beds: 2 Baths: 1 Rooms: 0 Rent : 1200.00 Monthly Status : Leased	UNIT 8 INFORMATION Beds: Studio Baths: 1 Rooms: 0 Style : studio Rent : 900 Monthly Status : Leased

CONSTRUCTION

Wood Frame | Vinyl Siding | Year Built: 1860
No. of Floors:2
Total Sq.Ft. Finished: 3896
Above Grade Sq.Ft.: 3896
Price Per SQ.FT. 122.95
Basement: Partial | Unfinished
Foundation: Stone
Heating: Oil | Forced Air
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable - Available | Telephone Available
Electric Meters:

Style: Multi-Family
Roof: Shingle
Water: Public
Sewer: Public
Seasonal: No

LAND LOT INFORMAITION

Lot Description: City Lot | Sidewalks | Street Lights
Lot size: 0.11 acres
Zoned: MR1
Surveyed: Unk
Flood Zone: No
Driveway: Dirt

PROPERTY INFORMATION

Taxes $0

AREA INFORMATION

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