40 Cottage Street Rutland City VT 05701 Multi Family $269,000

$269,000 | $60 per sq.ft. Under Contract A 3 Unit Multi Family Home, in Rutland City VT With 3 - Two Bedroom Units MLS# 5035840

Listed by Mark Triller Real Broker LLC on April 10th 2025
40 Cottage Street Rutland City VT 05701

DESCRIPTION

Exceptional Investment Opportunity: A Renovated Multi-Family Property with Owner-Occupancy Potential. Seize this outstanding opportunity to acquire a well maintained multi-family property, free from "deferred maintenance" and poised for immediate returns. Fully updated within the last 14 years, including vinyl siding and windows, shingle roof (2014), Buderus boiler (2017), and new oil tank (2020), ensuring long-term durability and reduced upkeep costs. Solid Rental History demonstrating consistent occupancy with below-market rents, presenting an opportunity for increased revenue. Conveniently situated near downtown, offering tenants easy access to public transportation, schools, area recreations, shopping, and entertainment. One unit is currently vacant, providing an excellent opportunity for an owner-occupant. Its prime location and comprehensive updates make it a turnkey solution for investors seeking a low-maintenance addition to their portfolio. The below-market rents present an opportunity to enhance cash flow through strategic adjustments. A minimum of 48 hours' notice is required for showings. Don't miss out on this must-see investment property that combines recent updates with significant income potential. Delayed Showings. Showings begin Monday April 14th.
Gross Income : $55200
Net Income: $

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UNIT 1 INFORMATION Beds: 2 Baths: 1 Rooms: 0 Tenant Pays : Electric,Internet Service,TV Service Rent : 1200.00 Monthly Lease Term : Month to Month Signed Lease : Yes Status : Leased	UNIT 2 INFORMATION Beds: 2 Baths: 1 Rooms: 0 Tenant Pays : Electric,Internet Service,TV Service Rent : 1000.00 Monthly Lease Term : Month to Month Signed Lease : Yes Status : Leased	UNIT 3 INFORMATION Beds: 2 Baths: 2 Tenant Pays : Electric,Internet Service,TV Service Rent : 2400.00 Monthly Lease Term : Seasonal Signed Lease : Yes Status : Vacant

CONSTRUCTION

Vinyl Siding | Year Built: 1909
No. of Floors:2
Total Sq.Ft. Finished: 4480
Above Grade Sq.Ft.: 4480
Price Per SQ.FT. 60.04
Basement: Bulkhead | Unfinished
Foundation: Stone
Heating: Hot Water
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable - Available | Telephone Available
Electric Meters: 7

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

LAND LOT INFORMAITION

Lot Description: City Lot | Corner | Near Shopping | Near Public Transportatn | Near Railroad
Lot size: 0.15 acres
Zoned: RESD1
Surveyed: Unk
Flood Zone: No
Driveway: Gravel

PROPERTY INFORMATION

Taxes $5,253
| Assesed Value $135,600 in 2023

AREA INFORMATION

School District: Rutland City School District
Elementary School: Northwest Primary School
Middle School: Rutland Intermediate School
High School: Rutland Senior High School

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