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

$269,000

MLS# 5035840
4480 sq.ft. Bedroom | 0 Bathroom
Multi Family
40 Cottage Street Rutland City VT 		 
$269,000 | $60 per sq.ft. | MLS# 5035840 A 3  Unit Multi Family Home, 40 Cottage Street Rutland City VT With 3 - Two Bedroom Units

Description:
Exceptional Investment Opportunity: A Renovated Multi-Family Property with Owner-Occupancy Potential. Seize this outstanding opportunity to acquire a well maintained multi-family property, free from "deferred maintenance" and poised for immediate returns. Fully updated within the last 14 years, including vinyl siding and windows, shingle roof (2014), Buderus boiler (2017), and new oil tank (2020), ensuring long-term durability and reduced upkeep costs. Solid Rental History demonstrating consistent occupancy with below-market rents, presenting an opportunity for increased revenue. Conveniently situated near downtown, offering tenants easy access to public transportation, schools, area recreations, shopping, and entertainment. One unit is currently vacant, providing an excellent opportunity for an owner-occupant. Its prime location and comprehensive updates make it a turnkey solution for investors seeking a low-maintenance addition to their portfolio. The below-market rents present an opportunity to enhance cash flow through strategic adjustments. A minimum of 48 hours' notice is required for showings. Don't miss out on this must-see investment property that combines recent updates with significant income potential. Delayed Showings. Showings begin Monday April 14th.

Annual Expenses
Taxes: $5,253 		    Income Gross Income | $
NetIncome | $
UNIT 1 INFORMATION

Beds: 2
Baths: 1
Rooms: 0
Tenant Pays : Electric,Internet Service,TV Service
Rent : 1200.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Leased
UNIT 2 INFORMATION

Beds: 2
Baths: 1
Rooms: 0
Tenant Pays : Electric,Internet Service,TV Service
Rent : 1000.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Leased
UNIT 3 INFORMATION

Beds: 2
Baths: 2
Rent : 2400.00 Monthly
Status : Vacant

FEATURES AND DETAILS

CONSTRUCTION: Vinyl Siding | Price Per SQ.FT. 60.04 | Year Built: 1909
 LAND DESCRIPTION: LOT DESCRIPTION: City Lot | Corner | Near Shopping | Near Public Transportatn | Near Railroad
Avail.Sq.Ft.: 3
Livable Space: 4480
Above Grade Sq.Ft.: 4480
Below Grade Sq.Ft.: 0
Foundation: Stone
Heating: Hot Water
Cooling: None
Electric: Circuit Breaker(s)
Style: Multi-Family
Roof: Shingle
Water: Public
Sewer: Public
Lot size: 0.15 acres
Zoned: RESD1
Surveyed: Unk
Flood Zone: No
Seasonal: No
Driveway: Gravel
ADDITIONAL INFORMATION
Taxes $5,253  | Assesed Value $135,600 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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  • 22965506
  • 22965507
  • 22965509
  • 22965510
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  • 22965518
15 Buck Rd. Hanover, NH 03755 603-643-3942

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