List Price: $290,000 | $75 per sq.ft. Multi Family A 4 Unit Multi Family Home
With 2 One Bedroom Units , 3 - Two Bedroom Units ,0 - Three Bedroom Units Listed Friday Oct 4, 2024 | MLS# 5017449
Listing Agent Renae Bouchard, KW Vermont. To see this Listing:
Call 802-295-1355
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Description:
This prime investment opportunity is located at 42 S Main St in Rutland City, Vermont. Positioned directly across from Main Street Park, this well-maintained four-unit multi-family property offers a central location with easy access to local amenities, dining, shopping, and public transportation. Each unit is currently rented by long-term tenants, ensuring immediate rental income and stable cash flow for potential buyers. The building features historic architectural charm, adding to its curb appeal in this highly visible, desirable area. Whether you're a seasoned investor or a first-time buyer, this property offers excellent investment potential in a strong rental market. With a great location, steady tenants, and room for growth, 42 South Main Street is a fantastic opportunity to own a piece of Rutland City's vibrant real estate market. Showings delayed until 10/7/2024. Operating Expenses : Heat,Insurance,Maintenance,Professional Management,Other,Snow Removal,Trash,Water/Sewer
Annual Expenses

Taxes: $4,722
Income
Gross Income | $25,000
NetIncome | $17,000
Unit Information:
UNIT 1
Beds: 2
Baths: 1
Rooms: 0
Tenant Pays : Electric,Internet Service,TV Service
Rent : 825.00 Monthly
Lease Term : Month to Month
UNIT 2
Beds: 1
Baths: 1
Rooms: 0
Rent : 895.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 3
Beds: 1
Baths: 1
Rent : 725.00 Monthly
Lease Term : Month to Month
UNIT 4
Beds: 2
Baths: 1
Level: 1
Rent : 825.00 Monthly
Lease Term : Month to Month
Construction Information:
Construction: Wood Frame | Brick Exterior | Other Exterior
Year Built: 1880
Style: Apartment Building | Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 7246
Above Grade Sq.Ft.: 3850
Basement: Full | Stairs - Interior | Unfinished | Interior Access | Exterior Access
Foundation: Concrete | Fieldstone
Exterior Features:
Outbuilding
Exterior Color: White
Roof: Shingle
Garage And Parking: Off Street
Seasonal: No
Heating: Hot Air
Cooling: None
HeatFuel: Oil
Electric: Circuit Breaker(s)
Utilities: Other
Electric Meters: 5
Gas_Meters: 2
Water: Public
Sewer: Public
Land Information
City Lot | Major Road Frontage | Sidewalks
Lot size: 0.26 acres
Zoned: MSP)
Surveyed: Unk
Flood Zone: No
Roads: Paved | Public
Road Frontage: 1
Driveway: Paved
Additional Information

Docs Available : Deed
Easement - Unknown
Taxes $4,722
Assesed Value Not Reported
Schools

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565 Maple Street, White River Junction, Vermont. 05001 802-295-1355
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