43 Summer Street
$479,000
8
8
3,896
3,896
$123
Description
Investment Opportunity: 8-Unit Multifamily in Rutland City Don’t miss this rare opportunity to own an 8-unit multifamily property located at 43 Summer St in Rutland City. The property includes 6 one-bedroom units, 1 two-bedroom unit, and a studio apartment. Current rents are well below market rate, presenting an ideal chance for an investor to boost cash flow and improve the overall cap rate by raising rents to reflect the true market potential. Situated in a convenient downtown location, this property...Investment Opportunity: 8-Unit Multifamily in Rutland City Don’t miss this rare opportunity to own an 8-unit multifamily property located at 43 Summer St in Rutland City. The property includes 6 one-bedroom units, 1 two-bedroom unit, and a studio apartment. Current rents are well below market rate, presenting an ideal chance for an investor to boost cash flow and improve the overall cap rate by raising rents to reflect the true market potential. Situated in a convenient downtown location, this property provides easy access to local amenities, shops, and restaurants, making it highly attractive to tenants. With the rising demand for rental housing in Rutland, this property is well-positioned for long-term growth and value. Whether you're a seasoned investor or just starting to build your portfolio, this property offers significant upside potential.
- Listed by Betsy Adamovich • Real Broker LLC
Property Details for 43 Summer Street
Zoning
MR1
LISTING UPDATED: 10/08/2024 03:50 PM
Property Details for 43 Summer Street
Status | Active |
---|---|
MLS # | 5017747 |
Days on Market | 47 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family |
Year Built | 1860 |
Lot Size | 0.11 AC / 4,791 SF |
County | Rutland County |
Building Information for 43 Summer Street
Stories2Residences8Year Built1860Building Size-Lot Size0.11 AC / 4,791 SF
Property Information for 43 Summer Street
Property History for 43 Summer Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 43 Summer Street
Taxable ValueLand$60,700Additions$105,000Total$165,700
Home Facts
Lot Size4,792 SqFtStyleMulti-Family Res (5+ Units)CountyRUTLANDAPN(170) 12669
Schools near 43 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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