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603-643-3942
5 Old Nugget Alley
Hanover, NH 03755


$348,000

Price Change! reduced by $2,000 on August 9th 2024
MLS# 4988073
3139 sq.ft. Bedroom | 0 Bathroom
Multi Family
162 State Street Rutland City VT
 
Price Change! reduced by $2,000 on August 9th 2024
$348,000 | $111 per sq.ft. | MLS# 4988073 A 4  Unit Multi Family Home, 162 State Street Rutland City VT With 2 - One Bedroom Units | 1 - Two Bedroom Units | 1 - Three Bedroom Units

Description:
RUTLAND CITY, VT - This well-maintained four-unit property offers excellent rental history and strong cash flow, making it a smart choice for investors. Positioned on a corner lot, it's conveniently close to public transportation, enhancing tenant appeal. The building features spacious 9-foot ceilings on the first floor and includes energy-efficient minisplit heat pumps in two of the four units. There is potential for more income provided by a large 2.5-story garage on the property, that was previously rented monthly. As the city pushes for more housing, this huge garage would be a fantastic candidate for an additional unit conversion! The cap rate on this property is over 10% at asking price. This investment opportunity combines practicality with profitability in a sought-after location. See it for yourself today!

Annual Expenses
Taxes: $0
    Income Gross Income | $
NetIncome | $

UNIT 1 INFORMATION


Beds: 3
Baths: 1
Rooms: 0
Level: 1
Info : Appliances Included,CO Detector,Porch,Range - Electric,Smoke Detector
Tenant Pays : Electric,Heat,Hot Water,Internet Service,Trash,TV Service
Rent : 1350.00 Monthly
Status : Leased

UNIT 2 INFORMATION


Beds: 2
Baths: 1
Rooms: 0
Level: 2
Info : Appliances Included,CO Detector,Deck,Range - Electric,Smoke Detector
Tenant Pays : Electric,Heat,Hot Water,Internet Service,Trash,TV Service
Rent : 950.00 Monthly
Status : Leased

UNIT 3 INFORMATION


Beds: 1
Baths: 1
Level: 2
Info : Appliances Included,CO Detector,Deck,Range - Electric,Smoke Detector
Rent : 950.00 Monthly
Status : Leased

UNIT 4 INFORMATION


Beds: 1
Baths: 1
Level: 3
Info : Appliances Included,CO Detector,Deck,Range - Electric,Smoke Detector
Rent : 850.00 Monthly
Status : Leased

FEATURES AND DETAILS

CONSTRUCTION: Wood Frame | Price Per SQ.FT. 110.86 | Year Built: 1890
LAND DESCRIPTION: LOT DESCRIPTION: City Lot | Corner | Level | Sidewalks
Livable Space: 3139
Above Grade Sq.Ft.: 3139
Below Grade Sq.Ft.: 0
Foundation: Stone
Heating: Electric | Forced Air | Gas Heater | Wall Units | Mini Split
Cooling: Mini Split
HeatFuel: Electric | Gas - LP/Bottle | Oil
Electric: Circuit Breaker(s)
Style: Multi-Family | Victorian
Roof: Shingle
Water: Public
Sewer: Public
Lot size: 0.17 acres
Zoned: NB
Surveyed: Unk
Flood Zone: Unknown
Seasonal: No
Garage And Parking: Driveway | Garage
Roads: Paved | Public
Driveway: Gravel

ADDITIONAL INFORMATION
Taxes $0  | Assesed Value $0 in
SCHOOLS
15 Buck Rd. Hanover, NH 03755 603-643-3942

Big Green Real Estate is not affiliated with nor officially sanctioned by Dartmouth College

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