55-57 Forest Street , Rutland City, VT 05701
Rutland City, VT 05701
Description
Don't miss this chance to acquire a high-yield property in Rutland City. Whether you're a seasoned investor or looking to start your real estate portfolio, these buildings offer an excellent opportunity for stable and profitable returns. One building consists of two 3-bedroom 1-bathroom units and the other of two 1 bedroom 1-bathroom units. Heat and electricity are separately metered, minimizing owner expenses as tenants are responsible for their own utilities. The two buildings have a shared driveway as well as off-street parking that is exempt from Rutland City's winter parking ban, providing convenience for tenants year-round. This property has the potential for a 13% cap rate, gross income is based on projected market rates, 2 units are currently vacant leaving a buyer the ability to fill the vacancies with tenants of their choice. Call for a breakdown of the financials and to schedule a showing of this great investment opportunity.
Details
| Mls | 5000635 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Year | 1900 |
| Days On Site | 180 |
| Listing Provided By | Casella Real Estate | Hughes Group Team |
Features
| Basement | Y |
|---|---|
| Units | 4 |
| Zoning | Unknown |
| Acreage | 0.14 |
Market Activity 05701
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Learn More About This Property
| State | VT |
|---|---|
| County | VT Rutland |
| City | Rutland City |
| Zip Code | 05701 |
| Listing VS Median (in 05701) | |
Price: $279,000 low | high Med: $285,500 On Site: 180 low | high Med: 96.000000 | |
