List Price: $280,000 | $79 per sq.ft. Multi Family
Price Change! Reduced by $35,000 down 13% on September 9th 2024
A 4 Unit Multi Family Home
With 0 One Bedroom Units , 4 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Wednesday Mar 27, 2024 | MLS# 4989348
Price Change! Reduced by $35,000 down 13% on September 9th 2024
A 4 Unit Multi Family Home
With 0 One Bedroom Units , 4 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Wednesday Mar 27, 2024 | MLS# 4989348
To see this Listing
Address: 230 Marble Street West Rutland VT
Listed by Hughes Group Team Casella Real Estate
Description:
Unlock your next investment property! This multifamily provides the perfect blend of charm, convenience, and outdoor adventure right here in the heart of West Rutland. What once was a mix use of downtown shops and apartments, has since been converted into 4 unique, spacious apartments which are all currently occupied and generating income. Located in town, residents have easy access to local amenities such as shops, restaurants, schools, and public transportation, ensuring convenience and connectivity for daily needs. Boasting original 1900's character, modern updates, and close proximity to skiing, lakes, golf courses, and other outdoor activities, this property offers an unparalleled living experience for both residents and visitors alike. Enjoy peace of mind with numerous updates including upgraded electrical systems, a vapor barrier, blown-in spray foam insulation in the basement for improved energy efficiency, and a newer high-efficiency boiler for optimal comfort. Ample shared parking space is available, including a large outbuilding for additional storage. This property presents an excellent investment opportunity to it's new savvy owners with nearly a 9% cap rate all while having rents well below current market value. Give us a call today!
Location : In Town | Near Golf Course | Near Shopping | Near Skiing
Operating Expenses : Heat,Insurance,Snow Removal,Trash,Water/Sewer
Annual Expenses
Taxes: $2,681
Taxes: $2,681
Income
Gross Income | $42,000
NetIncome | $27,797
Gross Income | $42,000
NetIncome | $27,797
UNIT 1 INFORMATION
Beds: 2
Baths: 1
Rooms: 0
Info : Appliances Included
Tenant Pays : Electric,Internet Service,TV Service
Rent : 950.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Month to Month
UNIT 2 INFORMATION
Beds: 2
Baths: 1
Rooms: 0
Info : Appliances Included
Tenant Pays : Electric,Internet Service,TV Service
Rent : 1050.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Month to Month
UNIT 3 INFORMATION
Beds: 2
Baths: 1
Info : Appliances Included
Tenant Pays : Electric,Internet Service,TV Service
Rent : 750.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Month to M
UNIT 4 INFORMATION
Beds: 2
Baths: 1
Info : Appliances Included
Tenant Pays : Electric,Internet Service,TV Service
Rent : 750.00 Monthly
Lease Term : Month to Month
Status : Month to Month
Construction: Wood Frame
Year Built: 1900
Style: Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 4535
Above Grade Sq.Ft.: 3535
Basement: Crawl Space | Unfinished
Foundation: Stone
Year Built: 1900
Style: Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 4535
Above Grade Sq.Ft.: 3535
Basement: Crawl Space | Unfinished
Foundation: Stone
Exterior Features:
Barn
Exterior Color: Blue
Roof: Membrane
Garage And Parking: Driveway | On-Site
Seasonal: No
Barn
Exterior Color: Blue
Roof: Membrane
Garage And Parking: Driveway | On-Site
Seasonal: No
Heating: Baseboard
Cooling: None
HeatFuel: Gas - LP/Bottle
Electric: Circuit Breaker(s)
Utilities: Other
Electric Meters: 4
Water: Public
Sewer: Public
Cooling: None
HeatFuel: Gas - LP/Bottle
Electric: Circuit Breaker(s)
Utilities: Other
Electric Meters: 4
Water: Public
Sewer: Public
Land Information
Mountain View
Lot size: 0.25 acres
Zoned: Mixed Use)
Surveyed: Unk
Flood Zone: Unknown
Roads: Paved | Public
Road Frontage: 150
Driveway: Common/Shared | Gravel
Mountain View
Lot size: 0.25 acres
Zoned: Mixed Use)
Surveyed: Unk
Flood Zone: Unknown
Roads: Paved | Public
Road Frontage: 150
Driveway: Common/Shared | Gravel
Additional Information
Docs Available : Deed | Property Disclosure
Easement - Yes
Taxes $2,681
Assesed Value Not Reported
Docs Available : Deed | Property Disclosure
Easement - Yes
Taxes $2,681
Assesed Value Not Reported
Schools
School District: Greater Rutland County Supervi
Elementary School: West Rutland School
Middle School: West Rutland School
High School: West Rutland School
School District: Greater Rutland County Supervi
Elementary School: West Rutland School
Middle School: West Rutland School
High School: West Rutland School
