Bought with Mike Kalil • Watson Realty & Associates
$350,000
$350,000
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55 Prospect ST Rutland City, VT 05701
9 Beds
4 Baths
3,591 SqFt
Key Details
Sold Price $350,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,591 sqft
Price per Sqft $97
MLS Listing ID 5001759
Bedrooms 9
Full Baths 4
Year Built 1864
Annual Tax Amount $4,718
Tax Year 2024
Lot Size 9,147 Sqft
Property Description
Great opportunity for owner occupant and collect rents as an income, when all rented your gross yearly income is over $72K and net over $45K a year , Cap Rate at the full price is over 13% . Great location walking distance to shopping and restaurants, this property is great for traveling nurses, or ski resort workers, another potential is use some units as Air B & B property has been maintained well no deferred maintenance, many recent update. including unit renovations, even though the owner is paying oil expense for the heat, it does have Separate utilities if you choose to go that route and have tenants pay for their own heat, great rental history for that location .
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning Residential
Rooms
Basement Entrance Walk-up
Interior
Heating Gas - LP/Bottle, Oil
Cooling Wall AC Units
Exterior
Garage Description Off Street, Parking Spaces 5, Unassigned, Unpaved
Utilities Available Cable
Roof Type Shingle - Asphalt
Building
Story 2
Foundation Brick, Stone
Sewer Public
Schools
Elementary Schools Northwest Primary School
Middle Schools Rutland Middle School
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