Report Listing

Home For Sale

$348,000

162 State St
Rutland, Vermont, United States

7bd 4ba

Listed By: Realtyww Info

Listed On: 08/10/2024

Listing ID: GL11654637 View More Details

Description

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 details:

Listed by: Betsy Adamovich
Source: The World Property Journal

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