$440,000 Price Analysis    ♡   Rutland, VT 05701 Unknown bed None bath 3,560 SqFt ($123/SqFt) 5,227SqFt lot. Built 1900 Listed 2024-03-15, Taxes $5,468 | ✓ USDA Eligible near Rutland, VT Restrictions may apply due to home size |
RUTLAND CITY
VT - An exceptional investment opportunity at 78 Traverse Place! This property features 5 units, including 3 two-bedroom units, 1efficiency unit and 1 three-bedroom unit. The units are characterized by their vast layouts and careful maintenance, offering tenants comfortable and inviting living spaces. All units are currently rented, ensuring a steady and lucrative income s tream. The property's success in generating revenue reflects its appeal to tenants and the strategic decisions made by the current ownership.
What sets 78 Traverse Place apart is its diverse unit mix, providing variety in housing options. This approach enhances the property's attractiveness to tenants and adds a layer of stability and long-term investment value. 78 Traverse Place is a prime investment in Rutland's real estatea property with 5 well-maintained units, all currently rented and generating income. Don't miss out on this fantastic opportunity that blends comfort with financial success. At listing price, this property has a cap rate over 11%. 4 other buildings from this investment portfolio are also currently lsted for sale. Please inquire for information on additional properties. Owner will not consider creative financing.
Presented by Betsy Adamovich at
Real Broker LLC.
Property MLS #4988146 from PrimeMLS
Heating Fuel: Oil
Roads: Paved, Public
Parking Features: Parking: Driveway
Lot Size Square Feet: 5227
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 3
Bedrooms in Unit-5: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 2
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Unit 1 Total Actual Rent: 1200
Unit 2 Total Actual Rent: 1250
Unit 3 Total Actual Rent: 1635
Unit 4 Total Actual Rent: 1100
Unit 5 Total Actual Rent: 1150
County: VT-Rutland
Source Property Type: Multi-Family
Zoning: mixed residential
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2021 | $95,700 + $60,700 $156,400 | $5,468 |
| 2020 | $95,700 + $60,700 $156,400 | $5,419 |
| 2019 | $95,700 + $60,700 $156,400 | $5,285 |
| 2018 | $95,700 + $60,700 $156,400 | $5,293 |
| 2017 | $95,700 + $60,700 $156,400 | $4,928 |
| 2016 | $95,700 + $60,700 $156,400 | $4,912 |
| 2015 | $95,700 + $60,700 $156,400 | $4,929 |
| 2012 | $107,000 + $60,700 $167,700 | $4,878 |
| 2011 | $107,000 + $60,700 $167,700 | $4,911 |
$440,000
PrimeMLS
Listing removed 2024-03-15
$0
PrimeMLS
Listed 2023-12-29
$440,000
PrimeMLS
Sold 2007-08-22
$175,000
Public Record
Sold 1988-06-14
$130,000
Public Record
Sold 1987-12-23
$99,500
Public Record
Year Built: 1900
Above Grade Finished Area: 3560
Below Grade Unfinished Area: 1780
Construction Materials: Wood Frame, Clapboard Exterior
Foundation Details: Concrete
Property Age: 124
Property Condition: Existing
Roof: Shingle - Asphalt
Levels or Stories: 2
Total Area Sqft: 5340
Architectural Style: Multi-Family
Sewer: Public
Cable - Available, Telephone Available
Electric Company: GMP
Fuel Company: Keyser
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.