List Price: $399,000 | $89 per sq.ft. Multi Family A 4 Unit Multi Family Home
With 2 One Bedroom Units , 1 - Two Bedroom Units ,1 - Three Bedroom Units Listed Tuesday Oct 1, 2024 | MLS# 5016830
With 2 One Bedroom Units , 1 - Two Bedroom Units ,1 - Three Bedroom Units Listed Tuesday Oct 1, 2024 | MLS# 5016830
A GREAT TWO PROPERTY INVESTMENT OPPORTUNITY! Two properties are for sale; a 4 bed, 2 bath Single Family and a 3 unit Multi-Family. These two properties are located on one .24 acre City lot with strong positive cash flow and net income over $36,000. When you visit, you'll see a complete renovation of 94 South Main Street of: windows, doors, paint, flooring, bathroom, kitchen, appliances, and more; where the tenants pay their own: heat, electric, water/sewer, and internet. 2 Jackson Avenue has 2 renovated apartments, with newer appliances, flooring, doors, painting, and so much more. Both properties have newer roofs (2018) and newer boilers (2019) along with a newer oil tank (2019) at 2 Jackson Avenue. There's newer windows in both buildings replaced between 2018-2020. Gutters were added, and a deck replaced at 2 Jackson Ave. Only 3 blocks from White's Pool and Recreation Park. Only 4 minutes to RRMC or to Downtown shopping, dining and entertainment. Clean, well maintained, many upgrades, with little else to do but enjoy the income stream. Showings begin this Saturday 10/5/24 This opportunity won't last long!
Operating Expenses : Heat,Insurance,Maintenance,Sewer,Snow Removal,Trash,Utilities,Water/Sewer
Annual Expenses
Taxes: $6,415
Taxes: $6,415
Income
Gross Income | $52,560
NetIncome | $36,074
Gross Income | $52,560
NetIncome | $36,074
Appliances : Water Heater – Electric | Water Heater – Separate
UNIT 1
Beds: 1
Baths: 1
Rooms: 0
Level: 1
Info : Appliances Included,CO Detector,Heat Included,Smoke Detector
Tenant Pays : Electric,Internet Service
Rent : 975.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 2
Beds: 1
Baths: 1
Rooms: 0
Level: 1
Info : Appliances Included,CO Detector,Heat Included,Porch,Smoke Detector
Tenant Pays : Electric,Internet Service
Rent : 1000.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Month to Month
UNIT 3
Beds: 2
Baths: 1
Level: 2
Info : Appliances Included,CO Detector,Heat Included,Porch,Smoke Detector
Tenant Pays : Electric,Internet Service
Rent : 1050.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 4
Beds: 4
Baths: 2
Level: Single Fam
Info : Appliances Included,CO Detector,Range - Electric,Refrigerator,Separate,Smoke Detector,Water Heater
Tenant Pays : Electric,Heat,Hot Water,Internet Service,Sewer,TV Service,Water
Rent : 1355.00 Monthly
Lease Term : Annual
Status : Leased
Construction: Wood Frame | Vinyl Siding
Year Built: 1880
Style: Apartment Building | Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 5762
Above Grade Sq.Ft.: 4460
Basement: Concrete Floor | Stairs - Exterior | Stairs - Interior
Foundation: Stone
Year Built: 1880
Style: Apartment Building | Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 5762
Above Grade Sq.Ft.: 4460
Basement: Concrete Floor | Stairs - Exterior | Stairs - Interior
Foundation: Stone
Exterior Features:
Porch - Covered | Porch - Enclosed
Roof: Shingle
Seasonal: No
Porch - Covered | Porch - Enclosed
Roof: Shingle
Seasonal: No
Heating: Baseboard
Cooling: None
HeatFuel: Oil
Electric: Circuit Breaker(s)
Utilities: Cable
Electric Meters: 4
Gas_Meters: 0
Water: Public
Sewer: Public
Cooling: None
HeatFuel: Oil
Electric: Circuit Breaker(s)
Utilities: Cable
Electric Meters: 4
Gas_Meters: 0
Water: Public
Sewer: Public
Land Information
City Lot | Corner | Curbing | Sidewalks | Street Lights
Lot size: 0.24 acres
Zoned: 10)
Surveyed: Unk
Flood Zone: No
Roads: Public
Driveway: Paved
City Lot | Corner | Curbing | Sidewalks | Street Lights
Lot size: 0.24 acres
Zoned: 10)
Surveyed: Unk
Flood Zone: No
Roads: Public
Driveway: Paved
Docs Available : Certificate of Occupancy | Deed | Lease Agreements | Tax Map
Easement - Unknown
Taxes $6,415
Assesed Value Not Reported
Schools
School District: Rutland City School District
Elementary School: Rutland Northeast Primary Sch
Middle School: Rutland Intermediate School
High School: Rutland Senior High School
School District: Rutland City School District
Elementary School: Rutland Northeast Primary Sch
Middle School: Rutland Intermediate School
High School: Rutland Senior High School
PLEASE NOTE: Both New Hampshire and Vermont law require brokers and agents to disclose at the “time of first business meeting, prior to any discussion
of confidential information”, in New Hampshire’s case, and “first reasonable opportunity”, in Vermont’s case, the
nature of the relationships brokers have or may have with customers and clients. Each state requires that a disclosure form be presented to
consumers for their review and acknowledgment at the appropriate time. These forms can be accessed here:
VT: VERMONT REAL ESTATE COMMISSION MANDATORY CONSUMER DISCLOSURE FORM
NH: NEW HAMPSHIRE REAL ESTATE COMMISSION BROKERAGE RELATIONSHIP DISCLOSURE FORM