List Price: $269,000 | $60 per sq.ft. Multi Family A 3 Unit Multi Family Home
With 0 One Bedroom Units , 3 - Two Bedroom Units ,0 - Three Bedroom Units
Listed Thursday Apr 10, 2025 | MLS# 5035840
40 Cottage Street Rutland City VT
Listed by Mark Triller Real Broker LLC
Exceptional Investment Opportunity: A Renovated Multi-Family Property with Owner-Occupancy Potential. Seize this outstanding opportunity to acquire a well maintained multi-family property, free from "deferred maintenance" and poised for immediate returns. Fully updated within the last 14 years, including vinyl siding and windows, shingle roof (2014), Buderus boiler (2017), and new oil tank (2020), ensuring long-term durability and reduced upkeep costs. Solid Rental History demonstrating consistent occupancy with below-market rents, presenting an opportunity for increased revenue. Conveniently situated near downtown, offering tenants easy access to public transportation, schools, area recreations, shopping, and entertainment. One unit is currently vacant, providing an excellent opportunity for an owner-occupant. Its prime location and comprehensive updates make it a turnkey solution for investors seeking a low-maintenance addition to their portfolio. The below-market rents present an opportunity to enhance cash flow through strategic adjustments. A minimum of 48 hours' notice is required for showings. Don't miss out on this must-see investment property that combines recent updates with significant income potential. Delayed Showings. Showings begin Monday April 14th. Operating Expenses : Heat,Insurance,Maintenance,Sewer,Snow Removal,Trash,Utilities,Water/Sewer
Annual Expenses

Taxes: $5,253
Income
Gross Income | $55,200
NetIncome | $39,311

UNIT 1

Beds: 2
Baths: 1
Rooms: 0
Tenant Pays : Electric,Internet Service,TV Service
Rent : 1200.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Leased

UNIT 2

Beds: 2
Baths: 1
Rooms: 0
Tenant Pays : Electric,Internet Service,TV Service
Rent : 1000.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Leased

UNIT 3

Beds: 2
Baths: 2
Tenant Pays : Electric,Internet Service,TV Service
Rent : 2400.00 Monthly
Lease Term : Seasonal
Signed Lease : Yes
Status : Vacant
Construction: Vinyl Siding
Year Built: 1909
Style: Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 5820
Above Grade Sq.Ft.: 4480
Basement: Bulkhead | Unfinished
Foundation: Stone
Roof: Shingle
Seasonal: No
Heating: Hot Water
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable - Available | Telephone Available
Electric Meters: 7
Water: Public
Sewer: Public
Land Information
City Lot | Corner | Near Shopping | Near Public Transportatn | Near Railroad
Lot size: 0.15 acres
Zoned: RESD1)
Surveyed: Unk
Flood Zone: No
Driveway: Gravel


Easement - Yes
Taxes $5,253
Assesed Value Not Reported
Schools
School District: Rutland City School District
Elementary School: Northwest Primary School
Middle School: Rutland Intermediate School
High School: Rutland Senior High School

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