Priced extremely well is this nicely maintained operating bar on the first floor with the second floor having a one bedroom apartment. The bar has been established and in this family for years; and the time has come to sell. The apartment rents for $700/month and includes hot water. Each unit has separate electrical and their own propane heaters. The hours of the bar are from 3:30 till closing and has an occupancy permit for 35 people. There is an outside deck with permitting allowing use from opening till closing. The bar is being sold entirely furnished w. the exception of a couple personal items. The atm, game, and juke box machines are outside vendors equipment with a percentage going to the sellers. Liquor at the time of the sale can not be transferred to new owner as they need to secure their own liquor license. The H20 tank for the draft system does not convey with the sale. The bar has two bathrooms, a rear kitchen where light food is prepared and pantry area. There are two shared driveways, w. some parking out back along with street parking. New electric and plumbing on the first floor were completed in 2014. The basement is a crawl space with exterior entrance in the rear and houses the two electric panels. No numbers are supplied for business. For this price, along with the potential the bar has, could make this a nice little investment!
What a great investment opportunity! Well maintain two family home in a nice small neighbor in West Rutland. Both units have two bedrooms, living room, dinning room and larger kitchen with one bathroom. Great rental history.
Unlock your next investment property! This multifamily provides the perfect blend of charm, convenience, and outdoor adventure right here in the heart of West Rutland. What once was a mix use of downtown shops and apartments, has since been converted into 4 unique, spacious apartments which are all currently occupied and generating income. Located in town, residents have easy access to local amenities such as shops, restaurants, schools, and public transportation, ensuring convenience and connectivity for daily needs. Boasting original 1900's character, modern updates, and close proximity to skiing, lakes, golf courses, and other outdoor activities, this property offers an unparalleled living experience for both residents and visitors alike. Enjoy peace of mind with numerous updates including upgraded electrical systems, a vapor barrier, blown-in spray foam insulation in the basement for improved energy efficiency, and a newer high-efficiency boiler for optimal comfort. Ample shared parking space is available, including a large outbuilding for additional storage. This property presents an excellent investment opportunity to it's new savvy owners with nearly a 9% cap rate all while having rents well below current market value. Give us a call today!
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.
