55 Prospect StreetRutland City, VT 05701MLS Number 4849042

  • Sale Price: $175,000
  • 7 Days Since Sale
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Federal 30-year interest rate: 3.04% last updated on Apr 15, 2021
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55 Prospect Street Rutland City VT 05701
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  • 0.21Acreage
  • 4Bathrooms
  • 1864Year Built
  • 3,570Square Feet

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Listed by Mike Kalil of Watson Realty & Associates, PLC

Listing Sold by Watson Realty & Associates, PLC
Great Investment Opportunity! many recent upgrades. including the one bedroom completely remodeled, APT#1 washer/dryer hookup & tiled back entry, 3rd bedroom on second floor. All new paint & some new carpet, new vinyl kitchen floor, new bath flooring & vanity, new light fixtures. Oil heat and hot water. APT#2 washer & dryer HU, propane heat, wall unit. APT#3 New paint & new carpet, new kitchen cabinets, counters & appliances, new bath vanity & flooring, propane heat wall unit, new electric hot water heater, combi 1st & 2nd fl. living space. Large 2 story barn rented as workshop. Rent $140 per mo. House rewired and many more updates to list here, Ample off street parking. Good rental history. Convenient City location, walk to downtown and library. Near bus stop. Gross yearly income is $43,080 and expenses are $22,484 including 7% Management fee ( $3015) and 5% vacancy estimate ($2154) your Net Income is $20,596 cap rate of 11.5% at asking price, but if you manage yourself and take out the vacancy your NOI is $25,765 Cap Rate over 14% at asking price. EMP and Certificate of occupancies are done.

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More Info

Basic Information

  • StatusSLD
  • Property TypeMulti-Family
  • List Price$179,000
  • Date Price Change03/02/2021
  • MLS Number4849042
  • MLS StatusClosed
  • Sale Date04/15/2021

Exterior

  • ExteriorVinyl
  • RoofShingle - Asphalt, Slate

Utilities

  • Heat FuelGas - LP/Bottle, Oil
  • Heat SystemHot Air, Wall Units
  • UtilitiesDSL - Available, Gas - LP/Bottle, Internet - Cable
  • WaterPublic
  • Water HeaterElectric
  • Electric100 Amp,220 Volt, Circuit Breaker(s)
  • SewerPublic

Location

  • TownRutland City
  • StateVT
  • Zip05701
  • CountyRutland
  • ZoningResidential
  • Flood Zone Y/NNo

Property

  • Acreage0.21
  • Parking Spaces
  • Square Feet3,570
  • APX Fin AG Sqft3,570
  • Road Frontage100
  • RoadsPublic
  • Lot DescriptionCity Lot

Other

  • Taxes$4,531
  • Seasonal Y/NNo
  • Unit 1 Deposit$1,125
  • Unit 2 Rent Amount$775
  • Unit 3 Rent Amount$875
  • Unit 4 Rent amount$950

Building

  • Year Built1864
  • Building ConstructionWood Frame
  • StyleMulti-Family
  • Units4
  • Unit 1 Bath1
  • Unit 1 Bedrooms3
  • Unit 1 Total Rooms5
  • Unit 2 Bath1
  • Unit 2 Bedrooms3
  • Unit 2 Total Rooms4
  • Unit 3 Bath1
  • Unit 3 Bedrooms2
  • Unit 3 Total Rooms4
  • Unit 4 Bath1
  • Unit 4 Total Rooms3
  • # of 1 Bedrooms1
  • # of 2 Bedrooms1
  • # of 3 Bedrooms2
  • Bathroom4
  • Total Baths4
  • BasementFull, Stairs - Exterior, Unfinished
  • FoundationBrick, Stone
TPW Real Estate - Ludlow
TPW Real Estate - Ludlow
Office: 802-228-9400
207 Main Street
Ludlow, VT 05149
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Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. 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 April 22, 2021.

 

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