43 Summer Street , Rutland City, VT 05701
Rutland City, VT 05701
Description
Investment Opportunity: 8-Unit Multifamily in Rutland City Don’t miss this rare opportunity to own an 8-unit multifamily property located at 43 Summer St in Rutland City. The property includes 6 one-bedroom units, 1 two-bedroom unit, and a studio apartment. Current rents are well below market rate, presenting an ideal chance for an investor to boost cash flow and improve the overall cap rate by raising rents to reflect the true market potential. Situated in a convenient downtown location, this property provides easy access to local amenities, shops, and restaurants, making it highly attractive to tenants. With the rising demand for rental housing in Rutland, this property is well-positioned for long-term growth and value. Whether you're a seasoned investor or just starting to build your portfolio, this property offers significant upside potential.
Details
| Mls | 5017747 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | Resale |
| Status | Active |
| Year | 1860 |
| Days On Site | 64 |
| Listing Provided By | Real Broker LLC | Betsy Adamovich |
Features
| Sq Feet | 6,529 |
|---|---|
| Basement | Y |
| Storys | 2 |
| Units | 8 |
| Zoning | MR1 |
| Acreage | 0.11 |
Market Activity 05701
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Learn More About This Property
| State | VT |
|---|---|
| County | Rutland |
| City | Rutland City |
| Zip Code | 05701 |
| Listing VS Median (in 05701) | |
Price: $479,000 low | high Med: $285,500 SqFt: 6,529 low | high Med: 3,406 $ / SqFt: $73 low | high Med: $108 On Site: 64 low | high Med: 96 | |