162 State Street
Rutland, VT 05701

$350,000
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Listing Courtesy of Betsy Adamovich, Casella Real Estate Data last updated: 02/28/24 RUTLAND CITY, VT - This well-maintained four-unit property offers excellent rental history and strong cash flow, making it a smart choice for investors....
3,139 Sq Ft.
Interior
.17 Acres
Exterior
Multi Family
Property type
1890
Year Built
4984468
Web Id
4984468
MLS ID
Rutland City
School District
1
Buyer Agency Compensation

About 162 State Street

Listing Courtesy of Betsy Adamovich, Casella Real Estate
Data last updated: 02/28/24

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!

Data provided by : PRIME MLS



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features

cooling
Electric, Electric Heating, Oil Heating
lot description
Level
Style
Victorian

PROPERTY INFORMATION

Basement
Yes
Cooling
None, Mini Split
Heating
Forced Air, Wall Units, Mini Split
Parking Description
Storage Above, Detached, Driveway, Garage, Leased
Sewer
Public Sewer On-Site
Style
Multi-Family, Victorian
Water
Public Water - On-Site

EXTERIOR

Exterior Features
Balcony, Porch, Porch - Covered, Shed
Lot Description
City Lot, Corner, Level, Sidewalks
Roofing
Shingle

INTERIOR

Flooring
Carpet, Laminate, Tile
Listing Courtesy of Casella Real Estate
Legacy Sotheby’s International Realty is your destination for luxury real estate listings. This property for Sale at 162 State Street, Rutland, Vermont 05701 United States is a Multi Family with bedrooms, full baths, and partial baths. It is located in , Rutland, Vermont, and is in the 05701 zip/post code area. This home of 3,139 Sq.Ft. was built in 1890 and is on a .17 Acres lot. Legacy Sotheby’s International Realty also has property listings in cities near Rutland, including Center Rutland, Rutland and West Rutland. If you would like more information about this home for Sale at 162 State Street, Rutland, Vermont 05701 United States or would like to schedule a showing, contact the agent listed above for more information. You may also sign in, create an account, and save this listing for later reference by using icons at the top of this page.
The above data is calculated by Gabriels Technology Solutions. 

Casella Real Estate

Listing Courtesy of Casella Real Estate

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