40 Grant
Rutland City, VT 05701
- – beds
- – baths
- 3,195 sqft
- 11,761 sqft lot
- $66 per sqft
- 1900 build
- – on site
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Here is a great 5-unit multifamily in Rutland City that has been very well maintained over the years. All units have 1 bedroom with a kitchen, living room, and full bathroom. The property offers plenty of off-street parking, a detached garage, and is vinyl sided for easy maintenance. Conveniently located within walking distance to downtown. The property currently has a CAP rate of 8%, but this is using past rental income. Units 3, 4, and 5 are now vacant and rental amounts were well below market rate. If those three units were at market rate the projected new cap rate would be just over 13%. The two occupied units are also below market rent leaving even more room to increase the income potential. Unit 3 had a very long-term tenant and is in need of a total rehab, but once complete all units would be in great condition!
Listing courtesy of PRIME_MLS / Hughes Group Team / Casella Real Estate, TPW Real Estate
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Last updated Apr 21, 2023
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MLS# 4934188 —
Walk Score®
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Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
12/12/22
Dec 12, 2022
|
Sold | PRIME_MLS | $212,500 | -11.4% |
10/27/22
Oct 27, 2022
|
Sold Subject To Contingencies | PRIME_MLS | $239,900 | |
10/19/22
Oct 19, 2022
|
Listed / Active | PRIME_MLS | $239,900 |