Multi-Family for Sale: 128 Granger Street, Rutland City, VT 05701 SOLD

1,813 sqft
$200,000
$200,000
128 Granger Street, Rutland City, VT 05701 SOLD
1,813 sqft
$200,000
Remove from
Favorites
Add to
Favorites
Add to
Trip Map
Hide Share or
Email
Selling Price: $200,000
Original List Price: $214,900
Sold at 93.1% of list price
Sold Date: 10/04/2024

Type Multi-Family
Style Duplex
Square Feet 1,813 sqft
Lot Size 0.16 acres
Year Built 1915

City Rutland City
County Rutland

MLS 5005506
Status Closed
DOM 21 days
This well cared for turnkey duplex features two renovated spacious two-bedroom units and an NOI of ~$20K. Property is perfect for someone looking to occupy one unit and have property expenses and mortgage offset by renting the other. If held as investment, this duplex has the potential for 15%+ annual cash on cash returns, and significant upside at sale (without taking into account any expected organic price appreciation). The property has been professionally managed with recent updates and renovations across interior units and exteriors. One unit has been kept vacant prior to listing for potential owner-occupancy, or keep both units rented-for strong cash flow (vacant unit can be rented for a minimum of $1,400 as a condition to close). The 2x 2br apartments are spacious with an ideal layout, and access to the oversized backyard and ample parking. Efficient footprint and recent renovations keep operating expenses low! Property is walking distance from downtown shops and restaurants giving residents access to all Rutland has to offer. This is also an excellent opportunity to enter the market ahead of the historic multibillion dollar development taking place around Killington nearby, which is already starting organic appreciation in property values. This property can be also be purchased with additional buildings in the area for someone looking to scale. Listing agent is a member of the LLC that owns the property.

Lot & Building Features

Utilities Cable
Construction Wood Frame
Cooling None
Heat Source Oil
Heating Baseboard, Forced Air
Sewer Public
Water Public
Basement Description Full
Foundation Brick, Stone
Lot Description City Lot
Roof Shingle - Asphalt
Garage No

Price History of 128 Granger Street

Date Name Price Difference
07/17/2024 Listing Price $200,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 128 Granger Street, Rutland City, VT

Location Map Street View
Photo of Terri Brunette
Direct: 603-964-7000
Office
655 Wallis Road.
Rye, NH 03870
603-964-7000
Listed by 3GEN Real Estate Inc, Michael Gilman
Sold by Casella Real Estate, Hughes Group Team
$
20%
1%
6.75%
$
$
$
Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
PrimeMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: 3GEN Real Estate Inc

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers. personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/09/2024