128 Granger
Rutland City, VT 05701
- – beds
- – baths
- 1,813 sqft
- 6,970 sqft lot
- $110 per sqft
- 1915 build
- – on site
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This well cared for turnkey duplex features two renovated spacious two-bedroom units and an NOI of ~$20K. Property is perfect for someone looking to occupy one unit and have property expenses and mortgage offset by renting the other. If held as investment, this duplex has the potential for 15%+ annual cash on cash returns, and significant upside at sale (without taking into account any expected organic price appreciation). The property has been professionally managed with recent updates and renovations across interior units and exteriors. One unit has been kept vacant prior to listing for potential owner-occupancy, or keep both units rented-for strong cash flow (vacant unit can be rented for a minimum of $1,400 as a condition to close). The 2x 2br apartments are spacious with an ideal layout, and access to the oversized backyard and ample parking. Efficient footprint and recent renovations keep operating expenses low! Property is walking distance from downtown shops and restaurants giving residents access to all Rutland has to offer. This is also an excellent opportunity to enter the market ahead of the historic multibillion dollar development taking place around Killington nearby, which is already starting organic appreciation in property values. This property can be also be purchased with additional buildings in the area for someone looking to scale. Listing agent is a member of the LLC that owns the property.
Listing courtesy of PRIME_MLS / Michael Gilman / 3GEN Real Estate Inc, Casella Real Estate
Last checked:
Checking…
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Last updated Oct 7, 2024
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MLS# 5005506 —
The Building
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Year Built:1915
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Pre-Construction:No
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Construction Status:Existing
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Construction Materials:Wood Frame
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Architectural Style:Duplex
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Roof:Shingle - Asphalt
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Foundation:Brick, Stone
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Total Stories:2
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Total Units:2
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Approx SqFt Total:2719
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Approx SqFt Total Finished:1,813 Sqft
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Approx SqFt Finished Above Grade:1,813 Sqft
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Approx SqFt Finished Below Grade:0 Sqft
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Approx SqFt Unfinished Below Grade:906
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Approx SqFt Unfinished Building Source:Appraiser
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Approx SqFt Finished Above Grade Source:Appraiser
Interior
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Basement:Yes
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Basement Description:Full
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Basement Access Type:Interior
Location
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Latitude:43.600705000001000
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Longitude:-72.979789999999994
The Property
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Property Class:Multi-Family
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Seasonal:Unknown
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Lot SqFt:6,970 Sqft
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Lot Acres:0 Sqft
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Zoning:MR-1
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Driveway:Gravel
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Roads:Paved
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Road Frontage:Yes
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Road Frontage Length:100 Sqft
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Lot Features:City Lot
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Year:23/24
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Taxes TBD:Unknown
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Tax - Gross Amount:$3,674.56
Beds
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Total 2 Bedroom Units:2
The Listing
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Price Per SqFt:110.31
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Foreclosed/Bank-Owned/REO:No
Heating & Cooling
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Heating:Baseboard, Forced Air
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Heat Fuel:Oil
Utilities
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Utilities:Cable
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Sewer:Public
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Electric:Circuit Breaker(s)
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Water Source:Public
The Community
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Covenants:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
10/4/24
Oct 4, 2024
|
Sold | PRIME_MLS | $200,000 | -6.9% |
8/7/24
Aug 7, 2024
|
Sold Subject To Contingencies | PRIME_MLS | $214,900 | |
7/17/24
Jul 17, 2024
|
Listed / Active | PRIME_MLS | $214,900 | 71.9% (57.7% / YR) |