List Price: $479,000 | $123 per sq.ft. Multi Family A 8 Unit Multi Family Home
With 6 One Bedroom Units , 1 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Tuesday Oct 8, 2024 | MLS# 5017747
With 6 One Bedroom Units , 1 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Tuesday Oct 8, 2024 | MLS# 5017747
To see this Listing
Address: 43 Summer Street Rutland City VT
Listed by Betsy Adamovich Real Broker LLC
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. Operating Expenses : Heat,Insurance,Snow Removal,Trash,Water/Sewer
Annual Expenses
Taxes: $0
Taxes: $0
Income
Gross Income | $68,680
NetIncome | $31,934
Gross Income | $68,680
NetIncome | $31,934
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
Rent : 1200.00 Monthly
Status : Leased
Construction: Wood Frame | Vinyl Siding
Year Built: 1860
Style: Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 6529
Above Grade Sq.Ft.: 3896
Basement: Partial | Unfinished
Foundation: Stone
Year Built: 1860
Style: Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 6529
Above Grade Sq.Ft.: 3896
Basement: Partial | Unfinished
Foundation: Stone
Roof: Shingle
Seasonal: No
Seasonal: No
Heating: Forced Air
Cooling: None
HeatFuel: Oil
Electric: Circuit Breaker(s)
Utilities: Cable - Available | Telephone Available
Electric Meters:
Water: Public
Sewer: Public
Cooling: None
HeatFuel: Oil
Electric: Circuit Breaker(s)
Utilities: Cable - Available | Telephone Available
Electric Meters:
Water: Public
Sewer: Public
Land Information
City Lot | Sidewalks | Street Lights
Lot size: 0.11 acres
Zoned: MR1)
Surveyed: Unk
Flood Zone: No
Roads: Paved | Public
Driveway: Dirt
City Lot | Sidewalks | Street Lights
Lot size: 0.11 acres
Zoned: MR1)
Surveyed: Unk
Flood Zone: No
Roads: Paved | Public
Driveway: Dirt
Additional Information
Taxes $0
Assesed Value Not Reported
Taxes $0
Assesed Value Not Reported
Schools
