49 Terrill Street
49 Terrill Street
Rutland, VT 05701
$355,000
Last Sold Price
12
Beds
5
Baths
6,390 Sq. Ft.
$56 / Sq. Ft.
6,390
Sq. Ft.
$56
per Sq. Ft.
Closed 4/14/23
Closed 4/14/23
Description
Investors take notice! This well maintained 5 unit apartment building has a cap rate of over 10% and rents have the potential to be increased. Four out of the five units have been renovated in the last five years including flooring, replacement windows and new appliances. A high efficiency propane boiler was installed in 2018. Located on a .64 acre city lot, the building has a large shared backyard as well as three units having separate fenced in outdoor living spaces. Each unit has two off street...Investors take notice! This well maintained 5 unit apartment building has a cap rate of over 10% and rents have the potential to be increased. Four out of the five units have been renovated in the last five years including flooring, replacement windows and new appliances. A high efficiency propane boiler was installed in 2018. Located on a .64 acre city lot, the building has a large shared backyard as well as three units having separate fenced in outdoor living spaces. Each unit has two off street parking spots. The building has shared coin op washers and dryers as well as separate indoor storage units. All units are occupied with many long term tenants. Currently utilities are included for all units except unit 5 pays for electric. However, unit 5 and 6 have separate heat and electric that tenants could pay.
- Listed by Morgan Medeiros • Casella Real Estate
Sold By Casella Real Estate
Property Details for 49 Terrill Street
Parking
Assigned, Off Street, Parking Spaces 6+
ZoningUnknown
Location
Add your commute
LISTING UPDATED: 04/17/2023 04:52 PM
Property Details for 49 Terrill Street
| Status | Closed |
|---|---|
| MLS # | 4942230 |
| Days on Market | 7 |
| Taxes | $5,459 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1910 |
| Lot Size | 0.64 AC / 27,878 SF |
| County | Rutland County |
Location
Add your commute
Building Information for 49 Terrill Street
Stories2Residences5Year Built1910Building Size-Lot Size0.64 AC / 27,878 SF
Payment Calculator
$2,392 per month
30 year fixed, 7.25% Interest
Principal and Interest
$1,937
Property Taxes
$455
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 49 Terrill Street
Summary
Location and General Information
- City: Rutland City
- County: VT-Rutland
- Directions: From intersection of US 7 and Terrill St., 2 1/2 blocks down, on North side of Terrill.
- Latitude: 43.609683622130468
- Longitude: -72.968039542327901
- Road Frontage: Yes
- Seasonal: No
- State: VT
- Street Designation: Street
- Zip Code: 05701
Taxes and HOA Information
- SPAN Number: 540-170-15902
- Tax - Gross Amount: $5,459.32
- Tax Year: 2022
- Taxes TBD: No
Parking
- Garage: No
- Driveway: Common/Shared, Gravel
Property
Lot Information
- Lot - Sqft: 27878.0
- Lot Size Acres: 0.64
- Road Frontage Length: 100.0
- Square Feet Apx Finished Above Grade: 6390.0
- 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: 7254.0
- Square Feet Apx Total Finished: 6390.0
- Square Feet Apx Unfinished Above Grade: 0.0
- Square Feet Apx Unfinished AG Source: Public Records
- Square Feet Apx Unfinished Below Grade: 864.0
- Square Feet Apx Unfinished BG Source: Public Records
Property and Assessments
- Property Class: Multi-Family
- Construction Status: Existing
- Flood Zone: No
- Foundation: Concrete, Slab w/ Frost Wall
- PreConstruction: No
- Surveyed: Unknown
- Year Built: 1910
Utilities
- Electric: 200 Amp
- Sewer: Public
- Utilities: Cable - Available, Fiber Optic Internt Avail, Gas - LP/Bottle
- Separate Utilities: Varies
Interior and Exterior Features
Exterior Features
- Color: Gray
- Roads: Paved
- Roof: Metal
Interior Features
- Basement: Yes
- Basement Access Type: Interior
- Basement Description: Concrete, Partial, Unfinished
- Heat Fuel: Gas - LP/Bottle
- Heating: Baseboard, Hot Water
- Cooling: None
- Total Stories: 2
Multi Family
Income & Expenses Information
- Gross Income: $65,100.00
- Net Income: $39,935.00
Multi-Family Information
- Total Units: 5
- Total 1 BR Units: 0
- Total 2 BR Units: 3
- Total 3+ BR Units: 2
Unit Information
Unit 1
- Unit 1 Baths: 1
- Unit 1 Bedrooms: 2
- Unit 1 Lease Term: Month to Month
- Unit 1 Level Number: 1
- Unit 1 Rental Amt Freq: Monthly
- Unit 1 Status: Leased
- Unit 1 Rooms: 4
- Unit 1 Rental Amount: $1,100.00
- Unit 1 Info: Appliances Included, Heat Included
Unit 2
- Unit 2 Lease Term: Month to Month
- Unit 2 Baths: 1
- Unit 2 Rooms: 5
- Unit 2 Status: Leased
- Unit 2 Level Number: 2
- Unit 2 Rental Amt Freq: Monthly
- Unit 2 Bedrooms: 3
- Unit 2 Rental Amount: $1,350.00
- Unit 2 Info: Appliances Included, Cooktop - Gas, Electric, Heat
Unit 3
- Unit 3 Lease Term: Month to Month
- Unit 3 Baths: 1
- Unit 3 Rooms: 4
- Unit 3 Level Number: 2
- Unit 3 Rental Amt Freq: Monthly
- Unit 3 Status: Leased
- Unit 3 Bedrooms: 2
- Unit 3 Rental Amount: $825.00
- Unit 3 Info: Appliances Included, Heat Included
Unit 4
- Unit 4 Level Number: 1
- Unit 4 Style: Storage
Unit 5
- Unit 5 Rental Agreement: Yes
- Unit 5 Level Number: 1 & 2
- Unit 5 Rental Amt Freq: Monthly
- Unit 5 Status: Leased
- Unit 5 Baths: 1
- Unit 5 Bedrooms: 2
- Unit 5 Rooms: 4
- Unit 5 Lease Term: Month to Month
- Unit 5 Rental Amount: $1,100.00
- Unit 5 Info: Appliances Included, Heat Included
- Unit 5 Tenant Pays: Electric
Unit 6
- Unit 6 Rental Agreement: Yes
- Unit 6 Lease Term: Month to Month
- Unit 6 Level Number: 1 & 2
- Unit 6 Baths: 1
- Unit 6 Bedrooms: 3
- Unit 6 Rooms: 5
- Unit 6 Rental Amt Freq: Monthly
- Unit 6 Status: Leased
- Unit 6 Rental Amount: $950.00
- Unit 6 Info: Heat Included
Property History for 49 Terrill Street
| 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 49 Terrill Street
Taxable ValueLand$63,800Additions$94,300Total$158,100
Home Facts
Beds0Lot Size27,878 SqFtStyleSingle Family ResidenceCountyRUTLANDAPN(170) 15902
Schools near 49 Terrill Street
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 Northeast Primary 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 Casella Real Estate
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