What a great investment opportunity! Well maintain two family home in a nice small neighbor in West Rutland. Both units have two bedrooms, living room, dinning room and larger kitchen with one bathroom. Great rental history.
IRA: Stately Spacious Colonial with 5 bedrooms, including a 1-bedroom in-law suite/apartment (separate propane furnace), which isn't being rented currently as family uses entire house as a single family. Also, there's an attached heated 3-car garage with 11' ceiling and 10' doors, an entry mudroom and utility room. Low maintenance as exterior has vinyl siding and roof is slate and standing seem. Kitchen is eat-in with upgraded tile counters, large dining room and living room as well as a first floor laundry. Property was formerly "Graves Tavern". There is a drilled well (small well tank) and a shallow spring well (large well tank) used for outside faucets and a 12' x 25' Greenhouse. Both wells are connected. There's an old well not being used in the basement. On 2nd floor there's a sewing room with skylights. Also, more space in attic with rooms and walk-in stairs. There's a barn with 4-stalls a chicken coop and a storage room. There's a gas insert in the fireplace and the living room gas stove isn't used. Two bathrooms were upgraded. If you need more storage space, there's also a shed. Enjoy the beautiful country private setting with 7.1 acres. Close to West Rutland, Rutland, Skiing, shopping and lovely lakes region. Call soon for an appointment. This special property won't last long!
Unlock your next investment property! This multifamily provides the perfect blend of charm, convenience, and outdoor adventure right here in the heart of West Rutland. What once was a mix use of downtown shops and apartments, has since been converted into 4 unique, spacious apartments which are all currently occupied and generating income. Located in town, residents have easy access to local amenities such as shops, restaurants, schools, and public transportation, ensuring convenience and connectivity for daily needs. Boasting original 1900's character, modern updates, and close proximity to skiing, lakes, golf courses, and other outdoor activities, this property offers an unparalleled living experience for both residents and visitors alike. Enjoy peace of mind with numerous updates including upgraded electrical systems, a vapor barrier, blown-in spray foam insulation in the basement for improved energy efficiency, and a newer high-efficiency boiler for optimal comfort. Ample shared parking space is available, including a large outbuilding for additional storage. This property presents an excellent investment opportunity to it's new savvy owners with nearly a 9% cap rate all while having rents well below current market value. Give us a call today!
The median home value in West Rutland, VT is $215,000. This is lower than the county median home value of $268,600. The national median home value is $338,100. The average price of homes sold in West Rutland, VT is $215,000. Approximately 72.74% of West Rutland homes are owned, compared to 23.11% rented, while 4.15% are vacant. West Rutland real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a West Rutland real estate agent to arrange a tour today!
West Rutland, Vermont 05777 has a population of 2,229. West Rutland 05777 is less family-centric than the surrounding county with 20.13% of the households containing married families with children. The county average for households married with children is 22.91%.
The median household income in West Rutland, Vermont 05777 is $50,909. The median household income for the surrounding county is $59,751 compared to the national median of $69,021. The median age of people living in West Rutland 05777 is 47.5 years.
The average high temperature in July is 80.3 degrees, with an average low temperature in January of 7.2 degrees. The average rainfall is approximately 43.1 inches per year, with 77.6 inches of snow per year.