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 good 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, some newer windows and siding, and also 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 10% cap rate all while having rents that have room to increase to match todays current market. 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.
