230 Marble Street , West Rutland, VT 05777
West Rutland, VT 05777
Description
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!
Details
| Mls | 4989348 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Year | 1900 |
| Days On Site | 260 |
| Listing Provided By | Casella Real Estate | Hughes Group Team |
Features
| Basement | Y |
|---|---|
| Units | 4 |
| Zoning | Mixed Use |
| Acreage | 0.25 |
Market Activity 05777
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Learn More About This Property
| State | VT |
|---|---|
| County | VT Rutland |
| City | West Rutland |
| Zip Code | 05777 |
| School District | West Rutland School |
| Elementary School | West Rutland School |
| Middle School | West Rutland School |
| High School | West Rutland School |
| Listing VS Median (in 05777) | |
Price: $290,000 low | high Med: $311,500 On Site: 260 low | high Med: 23.000000 | |