Vermont
Rutland City
43 Summer Street

$449,000

43 Summer Street, Rutland City, VT 05701

Multi-Family Home
Built in 1860
4,792sqft lot
—— car garage
$——/sqft
Listed 10 months ago

Property Description

This listing courtesy of Betsy Adamovich, Real Broker LLC

Investment Opportunity: 8-Unit Multifamily in Rutland City Don’t miss this rare opportunity to own an 8-unit multifamily property located at 43 Summer St in Rutland City. The property includes 6 one-bedroom units, 1 two-bedroom unit, and a studio apartment. Current rents are well below market rate, presenting an ideal chance for an investor to boost cash flow and improve the overall cap rate by raising rents to reflect the true market potential. Situated in a convenient downtown location, this property provides easy access to local amenities, shops, and restaurants, making it highly attractive to tenants. With the rising demand for rental housing in Rutland, this property is well-positioned for long-term growth and value. Whether you're a seasoned investor or just starting to build your portfolio, this property offers significant upside potential.

Listing Status:: Active
Date Added:: October 8, 2024 at 05:00AM
Listing Office:: Real Broker LLC : 802-613-0729
Listing Agent:: Betsy Adamovich : 802-772-0330
MLS ID:: 5017747

Basement: PartialUnfinished
A/C: None
Heating: OilForced Air

This listing courtesy of Betsy Adamovich, Real Broker LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Rutland Intermediate School

63-65 Library Avenue, Rutland, VT, 05701

Grades 3-6

0.23 miles away

Rutland Middle School

67 Library Ave, Rutland, VT, 05701

Grades 7-8

0.19 miles away

Rutland High School

22 Stratton Rd, Rutland, VT, 05701

Grades 9-12

1.49 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.