Well-maintained 3-unit multifamily property offering immediate income with upside potential. The building includes a 2-bedroom, 1.5-bath unit, a 1-bedroom, 1-bath unit, and an efficiency studio apartment. Two units are currently leased, providing steady rental income, while the 2-bedroom unit is owner-occupied and will be delivered vacant at closing. This setup offers flexibility for investors seeking a mix of stability and opportunity. Current rental rates appear to be below market, offering potential for increased income. A new owner can choose to lease the vacant unit for full income production or occupy the space while benefiting from rental income from the other units. The property has been well cared for and is already operating as a functional multi-unit, allowing for a smooth transition. Conveniently located near local amenities, this is a strong opportunity for investors looking to add a performing asset with room for growth.
IRA: Stately Spacious Colonial with 5 bedrooms, including a 1-bedroom in-law suite/apartment (separate propane furnace), which isn't being rented currently as family uses entire house as a single family. Also, there's an attached heated 3-car garage with 11' ceiling and 10' doors, an entry mudroom and utility room. Low maintenance as exterior has vinyl siding and roof is slate and standing seem. Kitchen is eat-in with upgraded tile counters, large dining room and living room as well as a first floor laundry. Property was formerly "Graves Tavern". There is a drilled well (small well tank) and a shallow spring well (large well tank) used for outside faucets and a 12' x 25' Greenhouse. Both wells are connected. There's an old well not being used in the basement. On 2nd floor there's a sewing room with skylights. Also, more space in attic with rooms and walk-in stairs. There's a barn with 4-stalls and a storage room. There's a gas insert in the fireplace and the living room gas stove isn't used. Two bathrooms were upgraded. If you need more storage space, there's also a shed. Enjoy the beautiful country private setting with 7.1 acres. Close to West Rutland, Rutland, Skiing, shopping and lovely lakes region. Call soon for an appointment.
West Rutland is located in Vermont. West Rutland, Vermont 05777has a population of 2,229. West Rutland 05777 is less family-centric than the surrounding county with 20.13% of the households containing married families with children. The county average for households married with children is 22.91%.
The median household income in West Rutland, Vermont 05777 is $50,909. The median household income for the surrounding county is $59,751 compared to the national median of $69,021. The median age of people living in West Rutland 05777 is 47.5 years.
The average high temperature in July is 80.3 degrees, with an average low temperature in January of 7.2 degrees. The average rainfall is approximately 43.1 inches per year, with 77.6 inches of snow per year.
