106 Library Avenue
106 Library Avenue
Rutland, VT 05701
$540,000
Price
11
Beds
6
Baths
4,704 Sq. Ft.
$115 / Sq. Ft.
4,704
Sq. Ft.
$115
per Sq. Ft.
Description
RUTLAND CITY, VT — An exciting investment opportunity awaits at this fantastic 6-unit multifamily property. With a stellar rental history and all units currently leased, this building is a testament to its consistent appeal among tenants, making it an enticing prospect for savvy investors. 106 Library Ave offers a very rare opportunity —a multifamily building with six units, all contributing to a robust and steady income stream. This unique feature positions the property as a valuable find for investors...RUTLAND CITY, VT — An exciting investment opportunity awaits at this fantastic 6-unit multifamily property. With a stellar rental history and all units currently leased, this building is a testament to its consistent appeal among tenants, making it an enticing prospect for savvy investors. 106 Library Ave offers a very rare opportunity —a multifamily building with six units, all contributing to a robust and steady income stream. This unique feature positions the property as a valuable find for investors seeking a reliable source of returns in Rutland's real estate market. 106 Library Ave is a standout in Rutland's real estate landscape—a dynamic 6-unit multifamily property with a proven rental history. Don't miss out on this fantastic investment opportunity that promises both financial stability and growth. Act now to secure a property that combines rarity, income potential, and lasting value. Property has a cap rate over 11% at the current list price! 4 other properties from the same portfolio are also currently for sale. Please inquire for further information on additional properties.
- Listed by Betsy Adamovich • Real Broker LLC
Property Details for 106 Library Avenue
Zoning
mixed residential
Location
Listing Courtesy of Real Broker LLC
Add your commute
LISTING UPDATED: 04/10/2024 01:30 AM
Property Details for 106 Library Avenue
| Status | Active |
|---|---|
| MLS # | 4988183 |
| Days on Market | 48 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1988 |
| Lot Size | 0.19 AC / 8,276 SF |
| County | Rutland County |
Location
Listing Courtesy of Real Broker LLC
Add your commute
Building Information for 106 Library Avenue
Stories3Residences6Year Built1988Building Size-Lot Size0.19 AC / 8,276 SF
Payment Calculator
$2,947 per month
30 year fixed, 7.25% Interest
Principal and Interest
$2,947
Property Taxes
—
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 106 Library Avenue
Summary
Location and General Information
- Area Description: In Town, Neighborhood, Near Public Transportatn
- City: Rutland City
- County: VT-Rutland
- Latitude: 43.612022839854816
- Longitude: -72.984087644180306
- Road Frontage: TBD
- Seasonal: No
- State: VT
- Street Designation: Avenue
- Zip Code: 05701
Taxes and HOA Information
- SPAN Number: 540-170-17610
- Taxes TBD: Unknown
Parking
- Garage: No
- Driveway: Gravel
Property
Lot Information
- Lot - Sqft: 8276.0
- Lot Features: City Lot, Level, Sidewalks
- Lot Size Acres: 0.19
- Square Feet Apx Finished Above Grade: 4704.0
- Square Feet Apx Finished AG Source: Public Records
- Square Feet Apx Finished Below Grade: 0.0
- Square Feet Apx Finished BG Source: Public Records
- Square Feet Apx Total: 4704.0
- Square Feet Apx Total Finished: 4704.0
- Square Feet Apx Unfinished Above Grade: 0.0
- Square Feet Apx Unfinished Below Grade: 0.0
- Square Feet Apx Unfinished BG Source: Public Records
Property and Assessments
- Property Class: Multi-Family
- Construction Status: Existing
- Flood Zone: Unknown
- Foundation: Concrete
- PreConstruction: No
- Surveyed: Unknown
- Year Built: 1988
Utilities
- Electric Company: GMP
- Fuel Company: Keyser
- Electric: Circuit Breaker(s)
- Sewer: Public
- Water Source: Public
- Utilities: Cable - Available, Telephone Available
- Internet: High Speed Intrnt -Avail
Interior and Exterior Features
Exterior Features
- Construction Materials: Wood Frame, Vinyl Siding
- Roads: Paved, Public
- Roof: Metal
Interior Features
- Basement: Yes
- Basement Access Type: Walkout
- Basement Description: Apartments
- Heat Fuel: Oil
- Heating: Baseboard, Hot Water
- Cooling: None
- Total Stories: 3
Multi Family
Income & Expenses Information
- Gross Income: $79,500.00
- Net Income: $55,382.00
- Operating Expense Incl: Heat, Insurance, Trash, Utilities, Water/Sewer
- Operating Expense: $24,118
Multi-Family Information
- Total Units: 6
- Total 1 BR Units: 1
- Total 2 BR Units: 5
- Total 3+ BR Units: 0
Unit Information
Unit 1
- Unit 1 Baths: 1
- Unit 1 Bedrooms: 1
- Unit 1 Rental Amt Freq: Monthly
- Unit 1 Status: Leased
- Unit 1 Rental Amount: $1,100.00
- Unit 1 Tenant Pays: Electric, Internet Service, TV Service
- Unit 1 Info: Range - Electric, Refrigerator
Unit 2
- Unit 2 Baths: 1
- Unit 2 Status: Leased
- Unit 2 Rental Amt Freq: Monthly
- Unit 2 Bedrooms: 2
- Unit 2 Rental Amount: $1,125.00
- Unit 2 Info: Range - Electric, Refrigerator
- Unit 2 Tenant Pays: Electric, Internet Service, TV Service
Unit 3
- Unit 3 Baths: 1
- Unit 3 Rental Amt Freq: Monthly
- Unit 3 Status: Leased
- Unit 3 Bedrooms: 2
- Unit 3 Rental Amount: $1,250.00
- Unit 3 Info: Range - Electric, Refrigerator
- Unit 3 Tenant Pays: Electric, Internet Service, TV Service
Unit 4
- Unit 4 Rental Amt Freq: Monthly
- Unit 4 Baths: 1
- Unit 4 Bedrooms: 2
- Unit 4 Status: Leased
- Unit 4 Rental Amount: $1,250.00
- Unit 4 Info: Range - Electric, Refrigerator
- Unit 4 Tenant Pays: Electric, Internet Service, TV Service
Unit 5
- Unit 5 Rental Amt Freq: Monthly
- Unit 5 Status: Leased
- Unit 5 Baths: 1
- Unit 5 Bedrooms: 2
- Unit 5 Rental Amount: $1,250.00
- Unit 5 Info: Range - Electric, Refrigerator
- Unit 5 Tenant Pays: Electric, Internet Service, TV Service
Unit 6
- Unit 6 Baths: 1
- Unit 6 Bedrooms: 2
- Unit 6 Rental Amt Freq: Monthly
- Unit 6 Status: Leased
- Unit 6 Rental Amount: $1,250.00
- Unit 6 Info: Range - Electric, Refrigerator
- Unit 6 Tenant Pays: Electric, Internet Service, TV Service
Property History for 106 Library Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 106 Library Avenue
Taxable ValueLand$73,400Additions$163,900Total$237,300
Home Facts
Lot Size8,276 SqFtStyleMulti-Family Res (5+ Units)CountyRUTLANDAPN(170) 17610
Schools near 106 Library Avenue
This home is within Rutland City School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | 3 to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 2 |
Rating | School | Distance |
|---|---|---|
Rutland Intermediate School Public3 to 6 | ||
Rutland Middle School Public7 to 8 | ||
Rutland Senior High School Public9 to 12 | ||
Rutland Northwest School PublicPK to 2 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Real Broker LLC
Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. 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 04/29/2024 06:00 PM
