RUTLAND CITY, VT - This well-maintained four-unit property offers excellent rental history and strong cash flow, making it a smart choice for investors. Positioned on a corner lot, it's conveniently close to public transportation, enhancing tenant appeal. The building features spacious 9-foot ceilings on the first floor and includes energy-efficient minisplit heat pumps in two of the four units. Additional income is provided by a large 2.5-story garage on the property, currently rented monthly. As the city pushes for more housing, this huge garage would be a fantastic candidate for an accessory dwelling unit conversion! The cap rate on this property with the new rents is 11.8% at asking price! This investment opportunity combines practicality with profitability in a sought-after location. See it for yourself today!
For more information call one of our Agents today at Ski Country Real Estate at 1(800) 877-5111.
Listed by Betsy Adamovich of Real Broker LLC
- MLS #
- 4988073
- Bedrooms
- 7
- Ft2
- 3,139
- Lot Acres
- 7,405.00
- Year Built
- 1890
- Garage Size
- 2
- Heat
- Electric, Forced Air, Gas Heater, Wall Units, Mini Split
- Fuel
- Electric, Gas - LP/Bottle, Oil
- Roof
- Shingle
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