Rutland City, VT | 12 Chaplin Avenue

Description

Turnkey Two-Unit Multifamily Investment Opportunity in Rutland City! Welcome to 12 Chaplin Ave, a beautifully renovated two-unit multifamily property offering an excellent opportunity for investors or owner-occupants alike. Thoughtfully renovated down to the studs between 2019 and 2020, this property underwent extensive improvements including exterior wall insulation, updated electrical and plumbing, new drywall, flooring, cabinets, appliances, fixtures, and extensive roof repairs to both the asphalt shingle and slate roofing. The property features two well-maintained units, including a comfortable studio apartment and a spacious three-bedroom apartment. Each unit has its own washer and dryer, providing added convenience for tenants. Both units are occupied by long-term tenants, with one tenant in place for approximately five years and the other for more than two years. This is a truly turnkey investment, with tenants responsible for their own heat and electricity, helping to keep owner operating expenses manageable. With strong rental income and an approximate 10% cap rate at the asking price, 12 Chaplin Ave presents an attractive opportunity for an investor looking for immediate income potential with significant renovations already completed. A solid combination of updated systems, long-term tenancy, separate utilities, and strong income makes this a multifamily property worth a closer look.