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 .
Lot & Building Features
AppliancesWater Heater – Oil, Water Heater–Gas–LP/Bttle
55 Prospect Street (MLS #5001759) is a multi-family listing located in Rutland City, VT.
This multi-family listing is 3,591 sqft and on a lot of 9,148 sqft (or 0.21 acres) with 9 bedrooms, 4 baths and is 160 years old. This property was listed on 06/21/2024 and has been priced for sale at $350,000.
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Listing information courtesy of: Watson Realty & Associates
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