Rutland City VT Multi Family for sale $$348,000 $111 per sq.ft.

$348,000 $111 per sq.ft. Rutland City VT »

 Number of Units 4   Total Sq. Ft. 3139  |  Acres: 0.17
List Date Wednesday Mar 13, 2024
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 2 (soon to be 3) of the 4 units. Unit 2 was recently vacated and is receiving a facelift prior to new tenant placement. There is potential for more income provided by a large 2.5-story garage on the property, that was previously rented monthly for storage. 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 12% at asking price! This investment opportunity combines practicality with profitability in a sought-after location. See it for yourself today! See MLS Property & Listing Details & 23 images.








 

 

 
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