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Listed by Trent K Stephens • Wohler Realty Group
$350,000
Est. payment /mo
4 Beds
4 Baths
2,497 SqFt
Active
118 Barnes ST West Rutland, VT 05777
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,497 sqft
Price per Sqft $140
MLS Listing ID 5083117
Bedrooms 4
Full Baths 4
Construction Status Existing
Year Built 1890
Lot Size 0.460 Acres
Acres 0.46
Property Description
Well-maintained 3-unit multifamily property offering immediate income with upside potential. The building includes a 2-bedroom, 1.5-bath unit, a 1-bedroom, 1-bath unit, and an efficiency studio apartment. Two units are currently leased, providing steady rental income, while the 2-bedroom unit is owner-occupied and will be delivered vacant at closing. This setup offers flexibility for investors seeking a mix of stability and opportunity. Current rental rates appear to be below market, offering potential for increased income. A new owner can choose to lease the vacant unit for full income production or occupy the space while benefiting from rental income from the other units. The property has been well cared for and is already operating as a functional multi-unit, allowing for a smooth transition. Conveniently located near local amenities, this is a strong opportunity for investors looking to add a performing asset with room for growth.
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning Residential
Rooms
Basement Entrance Walkout
Basement Unfinished
Interior
Cooling None
Exterior
Utilities Available Cable Available, Telephone Available
Roof Type Slate
Building
Story 2
Sewer Public
Architectural Style Multi-Family
Construction Status Existing
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