$348,000
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162 State Street Rutland City, VT 05701
Multi-Family
Residence
Beds
Baths
3,139
Sq. Ft.
0.17
Acre
Lot
Property Activity
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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 ceili...ngs 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!
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MLS#
4988073
Property Type
Multi-Family
Year Built
1890
Square Feet
3,139
sq. ft
Price per Sq. Ft.
$110.86
Lot Size
0.17
Sewer
Public Sewer
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