List Price: $299,000 | $104 per sq.ft. Multi Family A 3 Unit Multi Family Home
With 2 One Bedroom Units , 1 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Monday Sep 23, 2024 | MLS# 5015604
With 2 One Bedroom Units , 1 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Monday Sep 23, 2024 | MLS# 5015604
To see this Listing
Address: 40 Summer Street Rutland City VT
Listed by Mark Triller Real Broker LLC
Description:
Looking for the perfect investment property, or perfect opportunity to owner occupy? Then you need to check out this well maintained, 3 unit, 4 bed, 4 bath, multi-family property only a few blocks from downtown shopping, dining and events. Two of the apartments, #2 and #3, were recently renovated in 2022 ( see attached list of improvements ) with new washers and dryers, vinyl plank flooring, kitchen counter tops and cabinets, and new appliances and an energy efficient mini split in apt#3 for Summer cooling and economical heat. This property has a single oil FHA furnace replaced in 2000 and a new oil tank replaced in 2022 with vinyl siding and newer vinyl windows all around and an electrical cost saving solar array on the roof. All old knob and tube wiring terminated and replaced. And you'll find that there is little to no deferred maintenance here at this property. Month to month leases with reliable rental income and an opportunity to improve cash flow. There's plenty of on-street and off-street parking as well a carport to get your car out of the weather and a large rear deck to enjoy the mountain view. You're less than 20 minutes from Killing/Pico Ski Resorts, and less than 2 hours from Burlington or Albany Airport. This is a must see.
Annual Expenses
Taxes: $4,513
Taxes: $4,513
Income
Gross Income | $37,200
Gross Income | $37,200
UNIT 1 INFORMATION
Beds: 1
Baths: 1
Rooms: 0
Level: 1
Info : Heat Included
Tenant Pays : Electric,Internet Service
Rent : 500.00 Monthly
Lease Term : Month to Month
Signed Lease : No
Status : Month to Month
UNIT 2 INFORMATION
Beds: 1
Baths: 1
Rooms: 0
Level: 1
Info : Dryer,Heat Included,Washer
Tenant Pays : Internet Service
Rent : 1000.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Month to Month
UNIT 3 INFORMATION
Beds: 2
Baths: 2
Level: 2
Info : Air Conditioner,Dryer,Heat Included,Washer
Tenant Pays : Internet Service
Rent : 1600.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Month to M
Construction: Wood Frame | Vinyl Siding
Year Built: 1850
Style: Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 5029
Above Grade Sq.Ft.: 2886
Basement: Stairs - Interior | Unfinished
Foundation: Fieldstone
Year Built: 1850
Style: Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 5029
Above Grade Sq.Ft.: 2886
Basement: Stairs - Interior | Unfinished
Foundation: Fieldstone
Exterior Features:
Deck | Porch - Covered
Roof: Shingle
Garage And Parking: Carport | On Street | Paved
Seasonal: No
Deck | Porch - Covered
Roof: Shingle
Garage And Parking: Carport | On Street | Paved
Seasonal: No
Heating: Forced Air
Cooling: Mini Split
HeatFuel: Oil
Electric: Circuit Breaker(s)
Utilities: Cable - At Site | Telephone Available
Electric Meters:
Water: Public
Sewer: Public
Cooling: Mini Split
HeatFuel: Oil
Electric: Circuit Breaker(s)
Utilities: Cable - At Site | Telephone Available
Electric Meters:
Water: Public
Sewer: Public
Land Information
City Lot
Lot size: 0.12 acres
Zoned: 10)
Surveyed: Unk
Flood Zone: Unknown
Roads: Public
Driveway: Paved
City Lot
Lot size: 0.12 acres
Zoned: 10)
Surveyed: Unk
Flood Zone: Unknown
Roads: Public
Driveway: Paved
Additional Information
Easement - Yes
Taxes $4,513
Assesed Value Not Reported
Easement - Yes
Taxes $4,513
Assesed Value Not Reported
Schools
School District: Rutland City School District
Elementary School: Northwest Primary School
Middle School: Rutland Intermediate School
High School: Rutland Senior High School
School District: Rutland City School District
Elementary School: Northwest Primary School
Middle School: Rutland Intermediate School
High School: Rutland Senior High School
