Katie Clancy - The Cape House
Listing courtesy of Betsy Adamovich, Real Broker LLC Phone: 802-613-0729
14 Cottage Street, Rutland City, VT, 05701
0 beds
1880
Multi-Family
7,314 sqft
RUTLAND CITY, VT - Here is an exceptional investment opportunity with a total of 8 potential income-generating units! This property features a 7-unit multi-family building and an inviting single-family home. Crafted with a mix of brick and wood frame construction, the 7-unit building stands as a testament to enduring quality and timeless appeal. The current owners have experienced significant profits, showcasing the remarkable rental potential of these well-maintained units. The central location of these units provides easy access to bus routes and daily necessities, ensuring effortless commutes and errands for tenants and owners alike. This added advantage enhances the property's overall appeal, addressing the practical needs of residents. What sets this investment apart from the rest is the rarity of finding a property with so many units that consistently yield strong cash flow. The prospect of owning 2 buildings with a total of 8 units is an extraordinary opportunity for astute investors. 14 & 14.5 Cottage Street is a solid investment in Rutland's real estate, offering a total of 8 units that promise enduring construction, a strategic location, and proven profitability. Cap rate over 10% at list price when fully rented! 4 other properties from the same portfolio are also currently listed for sale. Please inquire for further information regarding the other properties. Will not consider creative financing.
Status:
Active
Type:
Multi-family
Units:
8
Zoning:
business district
Garage:
3-car Garage
Heating:
Baseboard, Hot Water
Cooling:
None
Basement:
Unfinished
Parking:
Driveway, Garage
Acreage:
0.26
Lot Description:
City Lot,Level,Neighbor Business,Sidewalks
MLS #:
4988076