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$595,000 | $125 per sq.ft. A 5  Unit Multi Family Home, in Rutland City VT With 1 - One Bedroom Units | 4 - Two Bedroom Units MLS# 5036399




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Listed by Max Walker Watson Realty & Associates on April 15th 2025
100-102 Gibson Avenue Rutland City VT 05701


DESCRIPTION


Three great Buildings with huge net income potential! This smart investment includes five total units, four of them being two-bedroom units and the fifth being a single bedroom upstairs unit above the converted barn. The first floor of the barn could be used for storage or a workshop. Yearly gross income potential is $93,600 with slight rent increases. Recent upgrades include a new boiler system in the barn apartment, exterior painting and contractor capital improvements totaling more than $73,000. Showings to begin on Saturday (4/19).
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UNIT 1 INFORMATION
Beds: 2
Baths: 5
Rooms: 0
Rent : 1475.00 Monthly

CONSTRUCTION

Wood Frame | Wood Exterior | Year Built: 1884
No. of Floors:2
Total Sq.Ft. Finished: 4774
Above Grade Sq.Ft.: 4774
Price Per SQ.FT. 124.63
Basement: Concrete Floor | Unfinished
Foundation: Fieldstone
Heating: Oil | Baseboard
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable
Electric Meters:
Style: Apartment Building
Roof: Slate
Water: Public
Sewer: Public
Seasonal: No
LAND LOT INFORMAITION
Lot Description: City Lot
Lot size: 0.9 acres
Zoned: residential
Surveyed: Unk
Flood Zone: Unknown
Driveway: Gravel
PROPERTY INFORMATION
Taxes $9,810

AREA INFORMATION
School District: Rutland City School District