108 Library Avenue Rutland City, Vermont 05701 MLS# 4974059

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For Sale Status

$189,000 List Price

Multi Type

6 Beds

0 Baths

2,340 Sqft

Listed By Mike Kalil of Watson Realty & Associates
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108 Library Avenue
108 Library Avenue
108 Library Avenue
108 Library Avenue
108 Library Avenue
108 Library Avenue

Good investment opportunity, this 3 units is within walking distances to downtown has a nice partially fenced back yard with plenty of parking space currently the top unit 3 bed is vacant for possible new owner occupancy, let the rents of the 2 units pay your mortgage and other expenses or just buy it as income producing property when fully rented Gross income is $39600 a year and expenses are just shy of $15,000 a year .net income $25K Cap Rate at asking price 12.8 %

Property Location

108 Library Avenue Rutland City

Property Details

MLS#  4974059 Bedrooms  6 Garage Size   Car
List Price  189,000 Total Bathrooms  0 Year Built  1900
Type  Multi-Family Lot Size  0.1900 Acres Taxes $3,325
Units  3 Stories  2 Road Frontage  67
Annual Income  $39,600 Style  Multi-Family Water Frontage  
Annual Expenses  $0 Finished  2,340 Sqft Construction  No, Existing
Zoning   Residential Above Grade  1,915 Sqft Seasonal  No
Total Rooms  6 Below Grade  425 Sqft List Date  Oct 13th, 2023
Gross Income  $39,600 Operating Expenses  $0 Net Income  $25,057
Expenses Includes 
Unit 1   3 Beds, Baths, $1,300/Monthly Unit 2   2 Beds, Baths, $1,150/Monthly
Unit 3   1 Beds, Baths, $850/Monthly
ConstructionWood Frame
BasementWalkout, Partially Finished
Interior Features
Exterior Features
Exterior  Vinyl Siding Disability Features  
Foundation  Stone, Concrete House Color  
Floors   Building Certifications  
Roof  Slate HERS Index  
Directions
Lot Description, City Lot
Garage & Parking  No, ,
Road Frontage  67 Water Access  
Driveway  Dirt Water Type  
Flood Zone  No Water Body  
Zoning  Residential
School District  NA Middle  
Elementary   High  
Heat Fuel  , Oil Excluded  
Heating/Cool  None, Electric, Forced Air Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Oil Financing  
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  540-170-13487
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† The remarks published on this webpage originate from Listed By Mike Kalil of Watson Realty & Associates via the NNEREN IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman Realty cannot be held responsible for possible violations of copyright resulting from the posting of any data from the NNEREN IDX Program.