55 Prospect Street Rutland City, VT SOLD

$350,000
Beds 9
Baths 4
Square Footage 3,591
Acres 0.21
Photo of 55 Prospect Street Rutland City VT 05701

Sold By

Mike Kalil, Watson Realty & Associates



Description

Great opportunity for owner occupant and collect rents as an income, when all rented your gross yearly income is over $72K and net over $45K a year , Cap Rate at the full price is over 13% . Great location walking distance to shopping and restaurants, this property is great for traveling nurses, or ski resort workers, another potential is use some units as Air B & B property has been maintained well no deferred maintenance, many recent update. including unit renovations, even though the owner is paying oil expense for the heat, it does have Separate utilities if you choose to go that route and have tenants pay for their own heat, great rental history for that location .


Listed by Watson Realty & Associates, Mike Kalil
Sold by Watson Realty & Associates, Mike Kalil

Details

MLS 5001759
Price $350,000
Status Closed
DOM 148 days
Type Multi-Family
Style Conversion
Beds 9
Total Baths 4 full baths
Square Feet 3,591 sqft
Lot Size 0.21 acres
Year Built 1864

Lot & Building Features

Appliances Water Heater – Oil, Water Heater–Gas–LP/Bttle
Utilities Cable
Construction Asphalt Exterior, Wood Frame, Vinyl Exterior
Cooling Wall AC Units
Heating Hot Air, Wall Units
Parking Description Off Street, Unpaved, Unassigned, Parking Spaces 5
Sewer Public
Tax Year 2024
Water Public
Basement Description Full, Unfinished, Stairs - Exterior
Foundation Brick, Stone
Lot Description City Lot
Roof Shingle - Asphalt
Garage No

Unit Features

Unit 1 Baths 1
Unit 1 Bedrooms 3
Unit 1 Level Number 1
Unit 1 Rental Agreement Yes
Unit 1 Rental Amount 1584.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Status Month to Month
Unit 2 Baths 1
Unit 2 Bedrooms 3
Unit 2 Level Number 2
Unit 2 Rental Amount 1717.00
Unit 2 Rental Amt Freq Monthly
Unit 2 Status Vacant
Unit 3 Baths 1
Unit 3 Bedrooms 2
Unit 3 Level Number 2
Unit 3 Rental Amount 1346.00
Unit 3 Rental Amt Freq Monthly
Unit 3 Status Vacant
Unit 4 Baths 1
Unit 4 Bedrooms 1
Unit 4 Lease Term Month to Month
Unit 4 Level Number 1
Unit 4 Rental Amount 1400.00
Unit 4 Rental Amt Freq Monthly
Unit 4 Status Month to Month

Schools

Elementary School Northwest Primary School
Junior High School Rutland Middle School

Multi-Family Home for Sale: 55 Prospect Street, Rutland City, VT 05701 SOLD

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Financing

$
20%
1%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.


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