84 Crescent Street,Rutland City, VT 05701
Rutland City, VT 05701
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.
Details
| MLS # | 5103770 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | (10) Active - Active |
| Year | 1920 |
| Days On Site | 17 |
| Listing Provided By | Real Broker LLC | KC Gandee |
Features
| Basement | Y |
|---|---|
| Story(s) | 2 |
| Units | 2 |
| Zoning | RESD-1 |
| Acreage | 0.21 |
Interior
| Rooms Total | 0 |
|---|---|
| Cooling | None |
| Heating | Baseboard, Boiler |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Construction Materials | Wood Frame |
| Foundation Details | Block, Marble |
| Lot Features | City Lot, Interior Lot, Level, Sidewalks, In Town, Near Golf Course, Near Paths, Neighborhood, Near Hospital, Near School(s) |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Utilities | Cable, Phone |
|---|---|
| Electric | 100 Amp Service |
| Sewer | Public Sewer |
Taxes
| Tax Annual Amount | 5571 |
|---|---|
| Tax Year | 2026 |
Area Information
| State | VT |
|---|---|
| County | Rutland |
| City | Rutland City |
| Zip Code | 05701 |
| Area | VT Rutland |
| School District | Rutland City School District |
| Elementary School | Northwest Primary School |
| High School | Rutland Senior High School |
| Listing VS Median (in 05701) | |
Price: $260,000 low | high Med: $101,899 On site: 17 low | high Med: 410 | |
Market Activity 05701
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Learn More About This Property
| State | VT |
|---|---|
| County | Rutland |
| City | Rutland City |
| Zip Code | 05701 |
| Area | VT Rutland |
| School District | Rutland City School District |
| Elementary School | Northwest Primary School |
| High School | Rutland Senior High School |
| Listing VS Median (in 05701) | |
Price: $260,000 low | high Med: $101,899 On site: 17 low | high Med: 410 | |
