77 School Street
77 School Street
Rutland, VT 05701
$530,000
Price
5
Beds
6
Baths
2,488 Sq. Ft.
$213 / Sq. Ft.
2,488
Sq. Ft.
$213
per Sq. Ft.
Description
RUTLAND CITY, VT — An outstanding investment opportunity awaits at this well-positioned property featuring a total of 6 units. Comprising 1 efficiency unit and 5 1-bedroom units, this building is a testament to smart investment choices. 5 of the 6 units are currently rented, contributing to a consistent and healthy cash flow. The property's success in generating good income is a reflection of its appeal to tenants. What distinguishes 77 School St is its convenient location, providing easy access...RUTLAND CITY, VT — An outstanding investment opportunity awaits at this well-positioned property featuring a total of 6 units. Comprising 1 efficiency unit and 5 1-bedroom units, this building is a testament to smart investment choices. 5 of the 6 units are currently rented, contributing to a consistent and healthy cash flow. The property's success in generating good income is a reflection of its appeal to tenants. What distinguishes 77 School St is its convenient location, providing easy access to local amenities, schools, and public transportation. This advantageous positioning not only enhances the lifestyle for tenants but also adds a layer of long-term appeal to the property. 77 School St is a prime investment in Rutland's real estate scene—a property with 6 units, all but one currently rented and generating fantastic income. Don't miss out on this rare opportunity! Secure a property that not only promises financial success but also stands as a testament to smart and lucrative investment choices. Listing price offers a 9.4% cap rate for this property! 4 other investment properties from the same portfolio are also currently for sale. Please inquire for further information on additional properties. Will not consider creative financing.
- Listed by Betsy Adamovich • Real Broker LLC
Property Details for 77 School Street
Parking
Driveway, Paved
Zoningmixed residential
Location
Listing Courtesy of Real Broker LLC
Add your commute
LISTING UPDATED: 03/30/2024 12:32 PM
Property Details for 77 School Street
| Status | Active |
|---|---|
| MLS # | 4988079 |
| Days on Market | 46 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1920 |
| Lot Size | 0.13 AC / 5,662 SF |
| County | Rutland County |
Location
Listing Courtesy of Real Broker LLC
Add your commute
Building Information for 77 School Street
Stories2Residences6Year Built1920Building Size-Lot Size0.13 AC / 5,662 SF
Payment Calculator
$2,892 per month
30 year fixed, 7.25% Interest
Principal and Interest
$2,892
Property Taxes
—
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 77 School Street
Summary
Location and General Information
- City: Rutland City
- County: VT-Rutland
- Latitude: 43.605238000001002
- Longitude: -72.986114999999998
- Road Frontage: TBD
- Seasonal: No
- State: VT
- Street Designation: Street
- Zip Code: 05701
Taxes and HOA Information
- SPAN Number: 540-170-13876
- Taxes TBD: Unknown
Parking
- Garage: No
- Driveway: Paved
Property
Lot Information
- Lot - Sqft: 5663.0
- Lot Features: City Lot, Level, Sidewalks
- Lot Size Acres: 0.13
- Square Feet Apx Finished Above Grade: 2488.0
- Square Feet Apx Finished AG Source: Public Records
- Square Feet Apx Finished Below Grade: 0.0
- Square Feet Apx Total: 3732.0
- Square Feet Apx Total Finished: 2488.0
- Square Feet Apx Unfinished Above Grade: 0.0
- Square Feet Apx Unfinished Below Grade: 1244.0
- 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: 1920
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 Exterior
- Roads: Paved, Public
- Roof: Metal, Shingle
Interior Features
- Basement: Yes
- Basement Access Type: Walk-up
- Basement Description: Unfinished
- Heat Fuel: Oil
- Heating: Baseboard
- Cooling: None
- Total Stories: 2
Multi Family
Income & Expenses Information
- Gross Income: $69,516.00
- Net Income: $43,937.00
- Operating Expense Incl: Heat, Insurance, Trash, Utilities, Water/Sewer
- Operating Expense: $25,579
Multi-Family Information
- Total Units: 6
- Total 1 BR Units: 5
- Total 2 BR Units: 0
- Total 3+ BR Units: 0
Unit Information
Unit 1
- Unit 1 Baths: 1
- Unit 1 Bedrooms: 1
- Unit 1 Lease Term: Month to Month
- Unit 1 Rental Amt Freq: Monthly
- Unit 1 Status: Month to Month
- Unit 1 Rental Amount: $996.00
- Unit 1 Tenant Pays: Electric, Internet Service, TV Service
Unit 2
- Unit 2 Lease Term: Month to Month
- Unit 2 Baths: 1
- Unit 2 Status: Vacant
- Unit 2 Rental Amt Freq: Monthly
- Unit 2 Bedrooms: 1
- Unit 2 Rental Amount: $1,150.00
- Unit 2 Tenant Pays: Electric, Internet Service, TV Service
Unit 3
- Unit 3 Lease Term: Month to Month
- Unit 3 Baths: 1
- Unit 3 Rental Amt Freq: Monthly
- Unit 3 Status: Month to Month
- Unit 3 Rental Amount: $951.00
- Unit 3 Tenant Pays: Electric, Internet Service, TV Service
Unit 4
- Unit 4 Lease Term: Month to Month
- Unit 4 Rental Amt Freq: Monthly
- Unit 4 Baths: 1
- Unit 4 Bedrooms: 1
- Unit 4 Status: Month to Month
- Unit 4 Rental Amount: $1,046.00
- Unit 4 Tenant Pays: Electric, Internet Service, TV Service
Unit 5
- Unit 5 Rental Amt Freq: Monthly
- Unit 5 Status: Month to Month
- Unit 5 Baths: 1
- Unit 5 Bedrooms: 1
- Unit 5 Lease Term: Month to Month
- Unit 5 Rental Amount: $1,150.00
- Unit 5 Tenant Pays: Electric, Internet Service, TV Service
Unit 6
- Unit 6 Lease Term: Month to Month
- Unit 6 Baths: 1
- Unit 6 Bedrooms: 1
- Unit 6 Rental Amt Freq: Monthly
- Unit 6 Status: Month to Month
- Unit 6 Rental Amount: $996.00
- Unit 6 Tenant Pays: Electric, Internet Service, TV Service
Property History for 77 School 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 77 School Street
Taxable ValueLand$60,800Additions$84,400Total$145,200
Home Facts
Lot Size5,663 SqFtStyleMulti-Family Res (5+ Units)CountyRUTLANDAPN(170) 13876
Schools near 77 School 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 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 04/28/2024 11:14 AM
