Bought with Patrick J Sady • Four Corner Properties LLC
$540,000
$550,000
1.8%For more information regarding the value of a property, please contact us for a free consultation.
425-435 Pleasant ST West Rutland, VT 05777
11 Beds
6 Baths
4,911 SqFt
Key Details
Sold Price $540,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,911 sqft
Price per Sqft $109
MLS Listing ID 4990171
Sold Date 08/13/24
Bedrooms 11
Full Baths 6
Construction Status Existing
Year Built 1900
Annual Tax Amount $6,477
Tax Year 2023
Lot Size 0.470 Acres
Acres 0.47
Property Description
A fantastic investment opportunity awaits in West Rutland with the sale of two meticulously maintained buildings, offering a total of seven units. With a long-standing ownership since 1985, the seller has diligently maintained and enhanced these properties, presenting an enticing prospect for investors seeking stable returns in the real estate market. The first building features four units, consisting of three one-bedroom apartments and one two-bedroom apartment. The second building comprises two spacious three-bedroom units. With a total of six units, there's significant income potential for investors. Additionally, the presence of five storage units in the basement offers the possibility of additional rental income or amenities for tenants and being that it is a walk out basement there is also enough space to add a seventh unit if permitting allows. Both buildings are equipped with electric heating systems, ensuring that tenants cover all utility expenses. This setup simplifies management and enhances profitability for the owner. The two three-bedroom units in the second building are both vacant and have recently undergone renovations, offering a turnkey opportunity for immediate owner occupancy or tenant placement after closing. Don't miss out on this exceptional investment opportunity.
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning unknown
Rooms
Basement Entrance Walk-up
Basement Full, Unfinished
Interior
Heating Electric
Cooling None
Flooring Carpet, Laminate, Vinyl
Exterior
Utilities Available Other
Roof Type Shingle
Building
Story 2
Foundation Concrete, Marble, Stone
Sewer Public
Architectural Style Apartment Building, Multi-Family
Construction Status Existing
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