Multi-Family for Sale: 40 Summer Street, Rutland City, VT 05701

4 beds
4 full baths
2,886 sqft
$289,000
$289,000
40 Summer Street, Rutland City, VT 05701
4 beds
4 full baths
2,886 sqft
$289,000
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Price:
$289,000
$10,000 - 11/07/2024

Type Multi-Family
Style Multi-Family
Beds 4
Total Baths 4 full baths
Square Feet 2,886 sqft
Lot Size 0.12 acres
Year Built 1850
Taxes Paid $4,513

City Rutland City
County Rutland
School District Rutland City School District

MLS 5015604
Status Active
DOM 60 days
Looking for the perfect investment property, or perfect opportunity to owner occupy? Then you need to check out this well maintained, 3 unit, 4 bed, 4 bath, multi-family property only a few blocks from downtown shopping, dining and events. Two of the apartments, #2 and #3, were recently renovated in 2022 ( see attached list of improvements ) with new washers and dryers, vinyl plank flooring, kitchen counter tops and cabinets, and new appliances and an energy efficient mini split in apt#3 for Summer cooling and economical heat. This property has a single oil FHA furnace replaced in 2000 and a new oil tank replaced in 2022 with vinyl siding and newer vinyl windows all around and an electrical cost saving solar array on the roof. All old knob and tube wiring terminated and replaced. And you'll find that there is little to no deferred maintenance here at this property. Month to month leases with reliable rental income and an opportunity to improve cash flow. There's plenty of on-street and off-street parking as well a carport to get your car out of the weather and a large rear deck to enjoy the mountain view. You're less than 20 minutes from Killing/Pico Ski Resorts, and less than 2 hours from Burlington or Albany Airport. This is a must see.

Lot & Building Features

Utilities Cable - At Site, Telephone Available
Construction Vinyl Siding, Wood Frame
Cooling Mini Split
Heating Forced Air
Parking Description Carport, Paved, On Street
Sewer Public
Tax Year 2025
Taxes Paid $4,513
Water Public
Basement Description Stairs - Interior, Unfinished
Foundation Fieldstone
Lot Description City Lot
Roof Shingle
Features Exterior Deck, Porch - Covered
Garage No

Community and Schools

Elementary School Northwest Primary School
Junior High School Rutland Intermediate School
Senior High School Rutland Senior High School

Unit Features

Unit 1 Baths 1
Unit 1 Bedrooms 1
Unit 1 Info Heat Included
Unit 1 Lease Term Month to Month
Unit 1 Level Number 1
Unit 1 Rental Agreement No
Unit 1 Rental Amount 500.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Status Month to Month
Unit 1 Tenant Pays Electric, Internet Service
Unit 2 Baths 1
Unit 2 Bedrooms 1
Unit 2 Info Dryer, Washer, Heat Included
Unit 2 Lease Term Month to Month
Unit 2 Level Number 1
Unit 2 Rental Agreement Yes
Unit 2 Rental Amount 1000.00
Unit 2 Rental Amt Freq Monthly
Unit 2 Status Month to Month
Unit 2 Tenant Pays Internet Service
Unit 3 Baths 2
Unit 3 Bedrooms 2
Unit 3 Info Air Conditioner, Washer, Heat Included, Dryer
Unit 3 Lease Term Month to Month
Unit 3 Level Number 2
Unit 3 Rental Agreement Yes
Unit 3 Rental Amount 1600.00
Unit 3 Rental Amt Freq Monthly
Unit 3 Status Month to Month
Unit 3 Tenant Pays Internet Service

Price History of 40 Summer Street

Date Name Price Difference
11/07/2024 Price Adjustment $289,000 3.34%
09/23/2024 Listing Price $299,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 40 Summer Street, Rutland City, VT

Location Map Street View
Photo of Cheryl Brown
Direct: 603-929-1100
Office
655 Wallis Road.
Rye, NH 03870
603-964-7000
Listed by Real Broker LLC, Mark Triller
$
20%
1.5615916955017%
6.75%
$
$
$
Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

40 Summer Street (MLS #5015604) is a multi-family listing located in Rutland City, VT. This multi-family listing is 2,886 sqft and on a lot of 5,227 sqft (or 0.12 acres) with 4 bedrooms, 4 baths and is 174 years old. This property was listed on 09/23/2024 and has been priced for sale at $289,000.

Nearby zip codes are 05737, 05738, 05759, 05765 and 05777. This property neighbors other cities such as Clarendon, Mendon, Proctor, Rutland Town and West Rutland.

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: Real Broker LLC

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 11/22/2024