425-435 Pleasant Street , West Rutland, VT 05777
West Rutland, VT 05777
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.
Details
| MLS# | 4990171 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Year | 1900 |
| Days On Site | 182 |
| Listing Provided By | Casella Real Estate | Hughes Group Team |
Features
| Basement | Y |
|---|---|
| Units | 6 |
| Zoning | unknown |
| Acreage | 0.47 |
Market Activity 05777
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Learn More About This Property
| State | VT |
|---|---|
| County | VT Rutland |
| City | West Rutland |
| Zip Code | 05777 |
| Listing VS Median (in 05777) | |
Price: $550,000 low | high Med: $299,900 On Site: 182 low | high Med: 9.000000 | |