Rutland City, VT | 40 Cottage Street

$269,000
MLS#: 5035840
3
# of Units
4,480
Total Sq. Feet
0.15
Acres
$5,253
Taxes
1 of 20

General Property Information

Price:
$269,000
County:
VT-Rutland
Acres:
0.15
Property Type:
Multi-Family
Property Status:
Under Contract
# of Units:
3
Agency/Brokerage:
Mark Triller
Real Broker LLC

Exceptional Investment Opportunity: A Renovated Multi-Family Property with Owner-Occupancy Potential. Seize this outstanding opportunity to acquire a well maintained multi-family property, free from "deferred maintenance" and poised for immediate returns. Fully updated within the last 14 years, including vinyl siding and windows, shingle roof (2014), Buderus boiler (2017), and new oil tank (2020), ensuring long-term durability and reduced upkeep costs. Solid Rental History demonstrating consistent occupancy with below-market rents, presenting an opportunity for increased revenue. Conveniently situated near downtown, offering tenants easy access to public transportation, schools, area recreations, shopping, and entertainment. One unit is currently vacant, providing an excellent opportunity for an owner-occupant. Its prime location and comprehensive updates make it a turnkey solution for investors seeking a low-maintenance addition to their portfolio. The below-market rents present an opportunity to enhance cash flow through strategic adjustments. A minimum of 48 hours' notice is required for showings. Don't miss out on this must-see investment property that combines recent updates with significant income potential. Delayed Showings. Showings begin Monday April 14th.

Features

Property Type:
Multi-Family
# of Units:3
Subdivision Name:
Year Built:
1909
Parking:
Road Frontage:
0
Acres:0.15
Gross Income:
55,200
Annual Expenses:
0
# of Gas Meters:
# of Electric Meters:
7
Sq Ft (Above Ground):
4480
Sq Ft (Below Ground):
0
Total Sq Ft:
4480
Land Description:City Lot,Corner,Near Shopping,Near Public Transportatn,Near Railroad
Elementary School:
Northwest Primary School
Middle School:
Rutland Intermediate School
High School:
Rutland Senior High School
Financing Details:
Documents Available:

Unit Information

Unit 1

#Rooms:
0
#Bedrooms:
2
#Baths:
1
Sq. Ft.:
0
Floor:
Unit Style:
Monthly Rent:
1200.00

Unit 2

#Rooms:
#Bedrooms:
2
#Baths:
1
Sq. Ft.:
0
Floor:
Unit Style:
Monthly Rent:
1000.00

Unit 3

#Rooms:
#Bedrooms:
#Baths:
2
Sq. Ft.:
0
Floor:
Unit Style:
Monthly Rent:
2400.00

Other Information

Source: Data provided by PrimeMLS, graph generated by Pall Spera Company
List Date:
2025-04-10
Last Updated:

Stowe Office

Xander Paumgarten

(P) 802.253.9771
(F) 802.253.9993
email

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