40 Summer Street
Rutland, VT 05701
$289,000
Price
4
Beds
4
Baths
2,886 Sq. Ft.
$100 / Sq. Ft.
2,886
Sq. Ft.
$100
per Sq. Ft.
Description
Looking for the perfect investment property, or perfect opportunity to owner occupy? Then you need to check out this well maintained, 3 unit, 4 bed, 4 bath, multi-family property only a few blocks from downtown shopping, dining and events. Two of the apartments, #2 and #3, were recently renovated in 2022 ( see attached list of improvements ) with new washers and dryers, vinyl plank flooring, kitchen counter tops and cabinets, and new appliances and an energy efficient mini split in apt#3 for Summer...Looking for the perfect investment property, or perfect opportunity to owner occupy? Then you need to check out this well maintained, 3 unit, 4 bed, 4 bath, multi-family property only a few blocks from downtown shopping, dining and events. Two of the apartments, #2 and #3, were recently renovated in 2022 ( see attached list of improvements ) with new washers and dryers, vinyl plank flooring, kitchen counter tops and cabinets, and new appliances and an energy efficient mini split in apt#3 for Summer cooling and economical heat. This property has a single oil FHA furnace replaced in 2000 and a new oil tank replaced in 2022 with vinyl siding and newer vinyl windows all around and an electrical cost saving solar array on the roof. All old knob and tube wiring terminated and replaced. And you'll find that there is little to no deferred maintenance here at this property. Month to month leases with reliable rental income and an opportunity to improve cash flow. There's plenty of on-street and off-street parking as well a carport to get your car out of the weather and a large rear deck to enjoy the mountain view. You're less than 20 minutes from Killing/Pico Ski Resorts, and less than 2 hours from Burlington or Albany Airport. This is a must see.
- Listed by Mark Triller • Real Broker LLC
Property Details for 40 Summer Street
Parking
Carport, On Street, Paved
Zoning10
LISTING UPDATED: 12/19/2024 07:50 PM
Property Details for 40 Summer Street
| Status | Active |
|---|---|
| MLS # | 5015604 |
| Days on Market | 93 |
| Taxes | $4,513 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1850 |
| Lot Size | 0.12 AC / 5,227 SF |
| County | Rutland County |
Building Information for 40 Summer Street
Stories2Residences3Year Built1850Building Size-Lot Size0.12 AC / 5,227 SF
Property Information for 40 Summer Street
Summary
Location and General Information
- City: Rutland City
- County: VT-Rutland
- Directions: 40 Summer Street. Sign in Front.
- Latitude: 43.610350000000025
- Longitude: -72.982028186508188
- Road Frontage: TBD
- Seasonal: No
- State: VT
- Street Designation: Street
- Zip Code: 05701
Taxes and HOA Information
- SPAN Number: 54017015589
- Tax Year: 2025
- Taxes TBD: Unknown
School Information
- School - High: Rutland Senior High School
- School - District: Rutland City School District
- School - Elementary: Northwest Primary School
- School - Middle/Jr: Rutland Intermediate School
Parking
- Garage: No
- Driveway: Paved
Virtual Tour
- Property Panorama Virtual Tour: https://tour.neren.com/40-Summer-Street-Rutland-City-VT-05701/unbranded
Property
Lot Information
- Lot - Sqft: 5227.0
- Lot Features: City Lot
- Lot Size Acres: 0.12
- Square Feet Apx Finished Above Grade: 2886.0
- Square Feet Apx Finished AG Source: Assessor
- Square Feet Apx Finished Below Grade: 0.0
- Square Feet Apx Total: 5029.0
- Square Feet Apx Total Finished: 2886.0
- Square Feet Apx Unfinished Above Grade: 623.0
- Square Feet Apx Unfinished AG Source: Estimated
- Square Feet Apx Unfinished Below Grade: 1520.0
- Square Feet Apx Unfinished BG Source: Assessor
Property and Assessments
- Assessment Amount: $153,300
- Assessment Year: 2023
- Property Class: Multi-Family
- Construction Status: Existing
- Easements: Yes
- Flood Zone: Unknown
- Foundation: Fieldstone
- PreConstruction: No
- Surveyed: Unknown
- Year Built: 1850
Utilities
- Electric Company: GMP
- Electric: Circuit Breaker(s)
- Sewer: Public
- Water Source: Public
- Utilities: Cable - At Site, Telephone Available
- Internet: High Speed Intrnt -Avail
Interior and Exterior Features
Exterior Features
- Construction Materials: Wood Frame, Vinyl Siding
- Features - Exterior: Deck, Porch - Covered
- Roof: Shingle
- Total Ranges: 3
Interior Features
- Basement: Yes
- Basement Access Type: Interior
- Basement Description: Stairs - Interior, Unfinished
- Total Full Baths: 4
- Flooring: Carpet, Laminate
- Heating: Oil, Forced Air
- Cooling: Mini Split
- Total Refrigerators: 3
- Total Stories: 2
- Total Water Heaters: 1
Multi Family
Income & Expenses Information
- Gross Income: $37,200.00
Multi-Family Information
- Total Units: 3
- Total 1 BR Units: 2
- Total 2 BR Units: 1
- Total 3+ BR Units: 0
- Total Heat Units: 1
Unit Information
Unit 1
- Unit 1 Baths: 1
- Unit 1 Bedrooms: 1
- Unit 1 Lease Term: Month to Month
- Unit 1 Level Number: 1
- Unit 1 Rental Amt Freq: Monthly
- Unit 1 Status: Month to Month
- Unit 1 Rental Amount: $500.00
- Unit 1 Tenant Pays: Electric, Internet Service
- Unit 1 Info: Heat Included
Unit 2
- Unit 2 Lease Term: Month to Month
- Unit 2 Baths: 1
- Unit 2 Status: Month to Month
- Unit 2 Level Number: 1
- Unit 2 Rental Amt Freq: Monthly
- Unit 2 Bedrooms: 1
- Unit 2 Rental Amount: $1,000.00
- Unit 2 Info: Dryer, Heat Included, Washer
- Unit 2 Tenant Pays: Internet Service
Unit 3
- Unit 3 Lease Term: Month to Month
- Unit 3 Baths: 2
- Unit 3 Level Number: 2
- Unit 3 Rental Amt Freq: Monthly
- Unit 3 Status: Month to Month
- Unit 3 Bedrooms: 2
- Unit 3 Rental Amount: $1,600.00
- Unit 3 Info: Air Conditioner, Dryer, Heat Included, Washer
- Unit 3 Tenant Pays: Internet Service
Rental
Rent Information
- Total Leases: 2
Property History for 40 Summer 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 40 Summer Street
Taxable ValueLand$40,500Additions$112,800Total$153,300
Home Facts
Beds0Lot Size5,227 SqFtStyleSingle Family ResidenceCountyRUTLANDAPN(170) 15589
Schools near 40 Summer Street
This home is within Rutland City School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | 3 to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 2 |
Rating | School | Distance |
|---|---|---|
Rutland Intermediate School Public3 to 6 | ||
Rutland Middle School Public7 to 8 | ||
Rutland Senior High School Public9 to 12 | ||
Rutland Northwest School PublicPK to 2 |
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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Listing Courtesy of Real Broker LLC
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 12/26/2024 10:05 AM
