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.
West Rutland is located in Vermont. West Rutland, Vermont has a population of 2,229. West Rutland is less family-centric than the surrounding county with 16.13% 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 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 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.
