162 State Street Rutland City, VT 05701
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. Additional income is provided by a large 2.5-story garage on the property, currently rented monthly. As the city pushes for more housing, this huge garage would be a fantastic candidate for an accessory dwelling unit conversion! The cap rate on this property with the new rents is 11.8% at asking price! This investment opportunity combines practicality with profitability in a sought-after location. See it for yourself today!
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyN/A
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site16 Days
- MLS StatusPending
- MLS ID Number4988073
- Home Size Source Public Records
- Year Built1890
- Lot Size0.17 Acres
- Full BathsN/A
- Partial BathsN/A
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Learn MoreRecent Activity For 162 State Street Rutland City, VT 05701
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General Features
- Style Multi- FamilyVictorian
- Parking DrivewayGarage
- Sewer Public Sewer
- Basement Concrete FloorFullNo Tenant AccessUnfinished
- Number of Stories 3
- Acreage 0.17
- Water Public
- Garage Spaces 2
- Attached Garage No
- Zoning NB
Interior Features
- Cooling Mini Split
- Heating ElectricGas - L P/ BottleOilForced AirGas HeaterWall UnitsMini Split
Exterior Features
- Roof Shingle
- Lot City LotCornerLevelSidewalks
Community Features
- MLS Area VT-Rutland