Multi-Family for Sale: 57 Forest Street, Rutland City, VT 05701 SOLD

6 beds
2 full baths
1,680 sqft
$137,500
$137,500
57 Forest Street, Rutland City, VT 05701 SOLD
6 beds
2 full baths
1,680 sqft
$137,500
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Selling Price: $137,500
Original List Price: $279,000
Sold at 49.3% of list price
Sold Date: 08/27/2024

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Type Multi-Family
Style Multi-Family
Beds 6
Total Baths 2 full baths
Square Feet 1,680 sqft
Lot Size 0.07 acres
Year Built 1900
City Rutland City
County Rutland
MLS 5000635
Status Closed
DOM 14 days
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.

Lot & Building Features

Utilities Other
Construction Wood Frame
Cooling None
Heating Baseboard, Wall Units, Hot Water, Forced Air
Sewer Public
Tax Year 2024
Water Public
Basement Description Unfinished
Foundation Stone
Lot Description City Lot
Roof Metal, Slate
Features Exterior Porch
Garage No

Unit Features

Unit 1 Baths 1
Unit 1 Bedrooms 3
Unit 1 Lease Term Month to Month
Unit 1 Rental Agreement Yes
Unit 1 Rooms 6
Unit 1 Status Month to Month
Unit 1 Tenant Pays Electric, Heat
Unit 2 Baths 1
Unit 2 Bedrooms 3
Unit 2 Rental Agreement No
Unit 2 Rooms 6
Unit 2 Status Vacant

Price History of 57 Forest Street, Rutland City, VT

Date Name Price Difference
06/14/2024 Listing Price $137,500 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Map of 57 Forest Street, Rutland City, VT

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Inquire about this property

Photo of Elizabeth Niemaszyk
Direct: 978-375-5778
Office
200 Rockingham Road.
Londonderry, NH 03053
603-437-4447
Listed by Casella Real Estate, Hughes Group Team
Sold by Casella Real Estate, Hughes Group Team
$
20%
1%
6.75%
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Monthly HOA
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Listing information courtesy of: Casella Real Estate

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers. personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/22/2024