230 Marble Street
West Rutland, VT 05777
$280,000
Price
8
Beds
4
Baths
3,535 Sq. Ft.
$79 / Sq. Ft.
3,535
Sq. Ft.
$79
per Sq. Ft.
Description
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...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!
- Listed by Hughes Group Team • Casella Real Estate
Property Details for 230 Marble Street
Parking
Driveway, On-Site
Water ViewNo
Waterfront PropertyNo
ZoningMixed Use
LISTING UPDATED: 09/09/2024 04:07 PM
Property Details for 230 Marble Street
| Status | Active |
|---|---|
| MLS # | 4989348 |
| Days on Market | 259 |
| Taxes | $2,681 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1900 |
| Lot Size | 0.25 AC / 10,890 SF |
| County | Rutland County |
Building Information for 230 Marble Street
Stories2Residences4Year Built1900Building Size-Lot Size0.25 AC / 10,890 SF
Property Information for 230 Marble Street
Summary
Location and General Information
- Area Description: In Town, Near Golf Course, Near Shopping, Near Skiing
- City: West Rutland
- County: VT-Rutland
- Directions: Right Hand Side of Marble Street Past Thrall Avenue.
- Latitude: 43.597743618893332
- Longitude: -73.049186915344237
- Road Frontage: Yes
- Seasonal: No
- State: VT
- Street Designation: Street
- Zip Code: 05777
Taxes and HOA Information
- SPAN Number: 735-234-10442
- Tax Year: 23
- Taxes TBD: No
School Information
- School - High: West Rutland School
- School - District: Greater Rutland County Supervisory Union
- School - Elementary: West Rutland School
- School - Middle/Jr: West Rutland School
Parking
- Garage: No
- Driveway: Common/Shared, Gravel
Virtual Tour
- Property Panorama Virtual Tour: https://tour.neren.com/230-Marble-Street-West-Rutland-VT-05777/unbranded
Property
Lot Information
- Lot - Sqft: 10890.0
- Lot Features: Mountain View
- Lot Size Acres: 0.25
- Road Frontage Length: 150.0
- Square Feet Apx Finished Above Grade: 3535.0
- 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: 4535.0
- Square Feet Apx Total Finished: 3535.0
- Square Feet Apx Unfinished Above Grade: 0.0
- Square Feet Apx Unfinished AG Source: Public Records
- Square Feet Apx Unfinished Below Grade: 1000.0
- Square Feet Apx Unfinished BG Source: Estimated
- Water Body Access: No
Property and Assessments
- Property Class: Multi-Family
- Construction Status: Existing
- Easements: Yes
- Flood Zone: Unknown
- Foundation: Stone
- PreConstruction: No
- Surveyed: Unknown
- Year Built: 1900
Utilities
- Electric Company: GMP
- Electric: Circuit Breaker(s)
- Sewer: Public
- Water Source: Public
- Utilities: Other
- Total Electric Meters: 4
- Internet: High Speed Intrnt -Avail
Interior and Exterior Features
Exterior Features
- Color: Blue
- Construction Materials: Wood Frame
- Features - Exterior: Barn
- Roads: Paved, Public
- Roof: Membrane
- Total Ranges: 4
Interior Features
- Basement: Yes
- Basement Access Type: Walkout
- Basement Description: Crawl Space, Unfinished
- Total Full Baths: 4
- Flooring: Hardwood, Laminate, Tile
- Heat Fuel: Gas - LP/Bottle
- Heating: Baseboard
- Cooling: None
- Total Refrigerators: 4
- Total Stories: 2
Multi Family
Income & Expenses Information
- Gross Income: $42,000.00
- Net Income: $27,797.16
- Operating Expense Incl: Heat, Insurance, Snow Removal, Trash, Water/Sewer
- Operating Expense: $14,203
Multi-Family Information
- Total Units: 4
- Total 1 BR Units: 0
- Total 2 BR Units: 4
- Total 3+ BR Units: 0
Unit Information
Unit 1
- Unit 1 Baths: 1
- Unit 1 Bedrooms: 2
- Unit 1 Lease Term: Month to Month
- Unit 1 Rental Amt Freq: Monthly
- Unit 1 Status: Month to Month
- Unit 1 Rental Amount: $950.00
- Unit 1 Tenant Pays: Electric, Internet Service, TV Service
- Unit 1 Info: Appliances Included
Unit 2
- Unit 2 Lease Term: Month to Month
- Unit 2 Baths: 1
- Unit 2 Status: Month to Month
- Unit 2 Rental Amt Freq: Monthly
- Unit 2 Bedrooms: 2
- Unit 2 Rental Amount: $1,050.00
- Unit 2 Info: Appliances Included
- Unit 2 Tenant Pays: Electric, Internet Service, TV Service
Unit 3
- Unit 3 Lease Term: Month to Month
- Unit 3 Baths: 1
- Unit 3 Rental Amt Freq: Monthly
- Unit 3 Status: Month to Month
- Unit 3 Bedrooms: 2
- Unit 3 Rental Amount: $750.00
- Unit 3 Info: Appliances Included
- Unit 3 Tenant Pays: Electric, Internet Service, TV Service
Unit 4
- Unit 4 Lease Term: Month to Month
- Unit 4 Rental Amt Freq: Monthly
- Unit 4 Baths: 1
- Unit 4 Bedrooms: 2
- Unit 4 Status: Month to Month
- Unit 4 Rental Amount: $750.00
- Unit 4 Info: Appliances Included
- Unit 4 Tenant Pays: Electric, Internet Service, TV Service
Rental
Rent Information
- Total Leases: 4
Property History for 230 Marble Street
| 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 230 Marble Street
Taxable ValueLand$42,000Additions$65,800Total$107,800
Tax Record2021$2,451 ($204 / month)
Home Facts
Baths4Total Finished SqFt3,535 SqFtAbove Grade Finished SqFt3,535 SqFtStories2Lot Size10,890 SqFtStyleOffice BuildingYear Built1900ZoningVC1CountyRUTLANDAPN(234) 240030230
Schools near 230 Marble Street
This home is within Quarry Hill Unified Union School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 12 |
Rating | School | Distance |
|---|---|---|
West Rutland School PublicPK to 12 |
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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Casella Real Estate
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 12/11/2024 05:54 PM
