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Listed by Betsy Adamovich • Real Broker LLC
$479,000
Est. payment /mo
8 Beds
8 Baths
3,896 SqFt
UPDATED:
12/17/2024 05:04 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,896 sqft
Price per Sqft $122
MLS Listing ID 5017747
Bedrooms 8
Full Baths 8
Construction Status Existing
Year Built 1860
Lot Size 4,791 Sqft
Acres 0.11
Property Description
Investment Opportunity: 8-Unit Multifamily in Rutland City Don't miss this rare opportunity to own an 8-unit multifamily property located at 43 Summer St in Rutland City. The property includes 6 one-bedroom units, 1 two-bedroom unit, and a studio apartment. Current rents are well below market rate, presenting an ideal chance for an investor to boost cash flow and improve the overall cap rate by raising rents to reflect the true market potential. Situated in a convenient downtown location, this property provides easy access to local amenities, shops, and restaurants, making it highly attractive to tenants. With the rising demand for rental housing in Rutland, this property is well-positioned for long-term growth and value. Whether you're a seasoned investor or just starting to build your portfolio, this property offers significant upside potential.
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning MR1
Rooms
Basement Entrance Interior
Basement Partial, Unfinished
Interior
Cooling None
Exterior
Utilities Available Cable - Available, Telephone Available
Roof Type Shingle
Building
Story 2
Foundation Stone
Sewer Public
Architectural Style Multi-Family
Construction Status Existing
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