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

This is the investment opportunity you have been waiting for!! This large duplex property is located in an ideal location! It is within walking distance to the center of West Rutland where you can find the grocery store, pharmacy, gas stations and great locally owned restaurant. It is also a very short walk to West Rutland school. This duplex sits on about a third of an acre and a has a huge backyard with plenty of space for gardening, as well as entertaining and/or a great space for kids to play and/or pets to run around. There is plenty of parking on both sides of the house including a 2 car detached garage! The two units are side by side and both have a second floor. One unit is a 2 bedroom, one bath unit with both bedrooms upstairs. One is larger than the other and they can both accommodate a queen size bed and other furniture. This unit has large kitchen with a separate dining room and large living room on the first floor. There is also an enclosed porch which also serves as a great mudroom/entryway. The other unit is 3 bedroom, one bath with a bonus room on the first floor. This unit also has a large kitchen, separate dining room as well as a large living room. It also has an enclosed porch just like the other unit. Both apartments have some original hardwood floors as well as some vinyl clip in flooring. With some manageable TLC, this property can be brought back to a very attractive property! This property is being sold AS-IS!!

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