84 Crescent St, Rutland City, VT 05701
- $260,000
- 2,060
- SqFt
Listing courtesy of KC Gandee from Real Broker LLC. ()
- List Price
- $260,000
- Status
- ACTIVE
- MLS#
- 5103770
- Living Area
- 2,060
- Lot Size
- 9,148
- Acres
- 0.21
- Year Built
- 1920
Property Description
**Turn Key Buy and Hold Investment in Rutland City!** Looking for a solid buy-and-hold in Rutland City? This is it. This meticulously maintained multi-family has been extensively updated since 2020 and is ready for its next owner, including: - New electrical panel (2022) - Plumbing and electrical updates (2020) - New oil tank (2024) - New chimney (2021) - Complete remodel, including a new kitchen in Apartment 2 (2021) - New appliances (2020) - New deck (2022) - New boiler to be installed before close (2026) Each unit offers 2 bedrooms and 2 baths with generous living space, a private deck, and off-street parking. A barn/outbuilding on the property provides extra storage, currently used by the Apartment 1 tenant. With a flawless occupancy history and a prime location close to schools, parks, and downtown Rutland, this property offers long-term stability for any investor. It's currently producing a 4% CAP rate — and with rents still priced below market, there's built-in upside from day one. Move in ready as-is, or unlock even more value: convert to cold-climate heat pumps and pass energy costs on to tenants, a strategy with the potential to boost the CAP rate to 5.5%. Don't miss this rare opportunity to add a stable, updated multi-family to your portfolio.
Additional Information
- Taxes
- $5,571
- Listing Agent
- KC Gandee
- Listing Office
- Real Broker LLC
- Style
- Multi-Family
- School District
- Rutland City School District
- Elementary School
- Northwest Primary School
- Middle School
- Rutland Middle School
- High School
- Rutland Senior High School
- Electric
- Service - 0 to 100 Amps
- Utilities
- Cable Available, Telephone
- Basement
- Unfinished
- Foundation
- Block, Marble
- Sewer
- Public Sewer
- Roof
- Asphalt
- Zoning
- RESD-1
- Water
- Public
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