West Rutland Vermont Real Estate

Two family home in a nice location in West Rutland, great for owner occupy and let the other unit's rent pay for your expenses or just an investment that produces $24K in gross income a year and over $15K in net income . Tax bill is combined with 25 Proctor st property next door( which is. Single family home also for sale for $175K)and it will be determined later

Unlock your next investment property! This multifamily provides the perfect blend of charm, convenience, and outdoor adventure right here in the heart of West Rutland. What once was a mix use of downtown shops and apartments, has since been converted into 4 unique, spacious apartments which are all currently occupied and generating good income. Located in town, residents have easy access to local amenities such as shops, restaurants, schools, and public transportation, ensuring convenience and connectivity for daily needs. Boasting original 1900's character, modern updates, and close proximity to skiing, lakes, golf courses, and other outdoor activities, this property offers an unparalleled living experience for both residents and visitors alike. Enjoy peace of mind with numerous updates including upgraded electrical systems, a vapor barrier, blown-in spray foam insulation in the basement for improved energy efficiency, some newer windows and siding, and also a newer high-efficiency boiler for optimal comfort. Ample shared parking space is available, including a large outbuilding for additional storage. This property presents an excellent investment opportunity to it's new savvy owners with nearly a 10% cap rate all while having rents that have room to increase to match todays current market. Give us a call today!

Great opportunity for the savvy investor, 6 unit multi family which produces over $88,000 in gross income per year and over $58,000 in net income per year , CAP RATE at asking price is over is 13.5% , this property is offered with other two properties by the same owner a 2 family and A single family home , all are adjacent to each other

Spacious units. nice location minutes to shopping and Rutland city , this property has been renovated and updated, including vinyl siding, windows and much more , pretty much no deferred maintains, the best part about this property is the income, Cap Rate at asking price is more than 15.7%, Rents include: Heat, Water & Sewer ,Rubbish, Lawn/plowing, property taxes ,insurance, although each unit has it own electric meter the current owner has included electric in the rent and maintenance , Steady income, gross yearly income is $122,400 with expenses at $33,789 , NOI is $78,508