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

$289,000

Price Change! reduced by $10,000 on November 7th 2024
MLS# 5015604
2886 sq.ft. Bedroom | 0 Bathroom
Multi Family
40 Summer Street Rutland City VT 		 
Price Change! reduced by $10,000 on November 7th 2024
$289,000 | $100 per sq.ft. | MLS# 5015604 A 3  Unit Multi Family Home, 40 Summer Street Rutland City VT With 2 - One Bedroom Units | 1 - Two Bedroom Units

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 		    Income Gross Income | $
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
Rent : 1600.00 Monthly
Status : Month to M

FEATURES AND DETAILS

CONSTRUCTION: Wood Frame | Vinyl Siding | Price Per SQ.FT. 100.14 | Year Built: 1850
 LAND DESCRIPTION: LOT DESCRIPTION: City Lot
Avail.Sq.Ft.: 3
Livable Space: 2886
Above Grade Sq.Ft.: 2886
Below Grade Sq.Ft.: 0
Foundation: Fieldstone
Heating: Oil | Forced Air
Cooling: Mini Split
Electric: Circuit Breaker(s)
Style: Multi-Family
Roof: Shingle
Water: Public
Sewer: Public
Lot size: 0.12 acres
Zoned: 10
Surveyed: Unk
Flood Zone: Unknown
Seasonal: No
Garage And Parking: Carport | On Street | Paved
Roads: Public
Driveway: Paved
ADDITIONAL INFORMATION
Taxes $4,513  | Assesed Value $153,300 in 2023
SCHOOLS
School District: Rutland City School District
Elementary School: Northwest Primary School
Middle School: Rutland Intermediate School
High School: Rutland Senior High School
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15 Buck Rd. Hanover, NH 03755 603-643-3942

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