78 Traverse Place
78 Traverse Place
Rutland, VT 05701
$440,000
Price
9
Beds
6
Baths
3,560 Sq. Ft.
$124 / Sq. Ft.
3,560
Sq. Ft.
$124
per Sq. Ft.
Description
RUTLAND CITY, VT - An exceptional investment opportunity at 78 Traverse Place! This property features 5 units, including 3 two-bedroom units, 1efficiency unit, and 1 three-bedroom unit. The units are characterized by their spacious layouts and careful maintenance, offering tenants comfortable and inviting living spaces. All units are currently rented, ensuring a steady and lucrative income stream. The property's success in generating revenue reflects its appeal to tenants and the strategic decisions...RUTLAND CITY, VT - An exceptional investment opportunity at 78 Traverse Place! This property features 5 units, including 3 two-bedroom units, 1efficiency unit, and 1 three-bedroom unit. The units are characterized by their spacious layouts and careful maintenance, offering tenants comfortable and inviting living spaces. All units are currently rented, ensuring a steady and lucrative income stream. The property's success in generating revenue reflects its appeal to tenants and the strategic decisions made by the current ownership. What sets 78 Traverse Place apart is its diverse unit mix, providing variety in housing options. This approach enhances the property's attractiveness to tenants and adds a layer of stability and long-term investment value. 78 Traverse Place is a prime investment in Rutland's real estate—a property with 5 well-maintained units, all currently rented and generating income. Don't miss out on this fantastic opportunity that blends comfort with financial success. At listing price, this property has a cap rate over 11%! 4 other buildings from this investment portfolio are also currently listed for sale. Please inquire for information on additional properties. Owner will not consider creative financing.
- Listed by Betsy Adamovich • Real Broker LLC
Property Details for 78 Traverse Place
Parking
Driveway
Zoningmixed residential
Location
Listing Courtesy of Real Broker LLC
Add your commute
LISTING UPDATED: 03/30/2024 12:31 PM
Property Details for 78 Traverse Place
| Status | Active |
|---|---|
| MLS # | 4988146 |
| Days on Market | 47 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1900 |
| Lot Size | 0.12 AC / 5,227 SF |
| County | Rutland County |
Location
Listing Courtesy of Real Broker LLC
Add your commute
Building Information for 78 Traverse Place
Stories2Residences5Year Built1900Building Size-Lot Size0.12 AC / 5,227 SF
Payment Calculator
$2,401 per month
30 year fixed, 7.25% Interest
Principal and Interest
$2,401
Property Taxes
—
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 78 Traverse Place
Summary
Location and General Information
- City: Rutland City
- County: VT-Rutland
- Latitude: 43.605883687663749
- Longitude: -72.986160186508187
- Road Frontage: TBD
- Seasonal: No
- State: VT
- Street Designation: Place
- Zip Code: 05701
Taxes and HOA Information
- SPAN Number: 540-170-15784
- Taxes TBD: Unknown
Parking
- Garage: No
- Driveway: Paved
Property
Lot Information
- Lot - Sqft: 5227.0
- Lot Features: City Lot, Level, Sidewalks
- Lot Size Acres: 0.12
- Square Feet Apx Finished Above Grade: 3560.0
- 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: 5340.0
- Square Feet Apx Total Finished: 3560.0
- Square Feet Apx Unfinished Above Grade: 0.0
- Square Feet Apx Unfinished AG Source: Public Records
- Square Feet Apx Unfinished Below Grade: 1780.0
- 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: 1900
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, Clapboard Exterior
- Features - Exterior: Porch - Covered
- Roads: Paved, Public
- Roof: Shingle - Asphalt
Interior Features
- Basement: Yes
- Basement Access Type: Walk-up
- Basement Description: Unfinished
- Heat Fuel: Oil
- Heating: Baseboard, Hot Water
- Cooling: None
- Total Stories: 2
Multi Family
Income & Expenses Information
- Gross Income: $68,100.00
- Net Income: $42,245.00
- Operating Expense Incl: Heat, Insurance, Trash, Water/Sewer
- Operating Expense: $25,855
Multi-Family Information
- Total Units: 5
- Total 1 BR Units: 0
- Total 2 BR Units: 3
- Total 3+ BR Units: 1
Unit Information
Unit 1
- Unit 1 Baths: 1
- Unit 1 Bedrooms: 2
- Unit 1 Rental Amt Freq: Monthly
- Unit 1 Status: Leased
- Unit 1 Rental Amount: $1,200.00
- 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: $1,250.00
- Unit 2 Info: Range - Electric, Refrigerator
- Unit 2 Tenant Pays: Electric, Internet Service, TV Service
Unit 3
- Unit 3 Baths: 2
- Unit 3 Rental Amt Freq: Monthly
- Unit 3 Status: Leased
- Unit 3 Bedrooms: 3
- Unit 3 Rental Amount: $1,635.00
- 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 Style: studio
- Unit 4 Baths: 1
- Unit 4 Status: Leased
- Unit 4 Rental Amount: $1,100.00
- 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: $1,150.00
- Unit 5 Info: Range - Electric, Refrigerator
- Unit 5 Tenant Pays: Electric, Internet Service, TV Service
Property History for 78 Traverse Place
| 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 78 Traverse Place
Taxable ValueLand$60,700Additions$95,700Total$156,400
Home Facts
Lot Size5,227 SqFtStyleMulti-Family Res (5+ Units)CountyRUTLANDAPN(170) 15784
Schools near 78 Traverse Place
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 01:41 PM
