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Listed by KC Gandee • Real Broker LLC
$248,000
Est. payment /mo
4 Beds
2 Baths
2,060 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,060 sqft
Price per Sqft $120
MLS Listing ID 5103770
Bedrooms 4
Full Baths 2
Construction Status Existing
Year Built 1920
Annual Tax Amount $5,571
Tax Year 2026
Lot Size 9,147 Sqft
Acres 0.21
Property Description
**Turn Key Buy and Hold Investment in Rutland City!** Looking for a solid buy-and-hold in Rutland City? This is it. This meticulously maintained multi-family has been extensively updated since 2020 and is ready for its next owner, including: - New electrical panel (2022) - Plumbing and electrical updates (2020) - New oil tank (2024) - New chimney (2021) - Complete remodel, including a new kitchen in Apartment 2 (2021) - New appliances (2020) - New deck (2022) - New boiler to be installed before close (2026) Each unit offers 2 bedrooms and 2 baths with generous living space, a private deck, and off-street parking. A barn/outbuilding on the property provides extra storage, currently used by the Apartment 1 tenant. With a flawless occupancy history and a prime location close to schools, parks, and downtown Rutland, this property offers long-term stability for any investor. It's currently producing a 4% CAP rate — and with rents still priced below market, there's built-in upside from day one. Move in ready as-is, or unlock even more value: convert to cold-climate heat pumps and pass energy costs on to tenants, a strategy with the potential to boost the CAP rate to 5.5%. Don't miss this rare opportunity to add a stable, updated multi-family to your portfolio.
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning RESD-1
Rooms
Basement Entrance Interior
Basement Unfinished
Interior
Cooling None
Exterior
Utilities Available Cable, Phone
Roof Type Asphalt Shingle
Building
Story 2
Sewer Public
Architectural Style Multi-Family
Construction Status Existing
Schools
Elementary Schools Northwest Primary School
Middle Schools Rutland Middle School
High Schools Rutland Senior High School
School District Rutland City School District
Read Less Info
NEARBY SCHOOL & BUSINESS
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