FOR SALE0.26 ACRES
Listed by Betsy Adamovich, Real Broker LLC, (802) 613-0729
14 Cottage Street
Rutland, VT 05701
Rutland City
Studio
7,314 sqft (on 0.26 acres)
- Studio
- 7,314 sqft (on 0.26 acres)
Studio
7,314 sqft
(on 0.26 acres)
Local Information
© Google
-- mins to
Commute Destination
Last check for updates: about 20 hours ago
Listing courtesy of Betsy Adamovich
Real Broker LLC, (802) 613-0729
Source: PrimeMLS, MLS#4988076
Description
RUTLAND CITY, VT - Here is an exceptional investment opportunity with a total of 8 potential income-generating units! This property features a 7-unit multi-family building and an inviting single-family home. Crafted with a mix of brick and wood frame construction, the 7-unit building stands as a testament to enduring quality and timeless appeal. The current owners have experienced significant profits, showcasing the remarkable rental potential of these well-maintained units. The central location of these units provides easy access to bus routes and daily necessities, ensuring effortless commutes and errands for tenants and owners alike. This added advantage enhances the property's overall appeal, addressing the practical needs of residents. What sets this investment apart from the rest is the rarity of finding a property with so many units that consistently yield strong cash flow. The prospect of owning 2 buildings with a total of 8 units is an extraordinary opportunity for astute investors. 14 & 14.5 Cottage Street is a solid investment in Rutland's real estate, offering a total of 8 units that promise enduring construction, a strategic location, and proven profitability. Cap rate over 10% at list price when fully rented! 4 other properties from the same portfolio are also currently listed for sale. Please inquire for further information regarding the other properties. Will not consider creative financing.
Home Highlights
Parking
Garage
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$97
Listed
44 days ago
Home Details for 14 Cottage Street
Active Status |
|---|
MLS Status: Active |
Interior Features |
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Interior Details Basement: Unfinished,Walk-Up Access |
Dimensions and Layout Living Area: 7314 Square Feet |
Appliances & Utilities Utilities: Cable Available, Phone Available, High Speed Intrnt -Avail |
Heating & Cooling Heating: Baseboard,Hot Water,OilNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Baseboard |
Gas & Electric Electric: Circuit Breakers |
Levels, Entrance, & Accessibility Number of Stories: 2Levels: Two |
View No View |
Exterior Features |
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Exterior Home Features Roof: Metal Shingle Asphalt SlateFoundation: Concrete |
Parking & Garage Number of Garage Spaces: 3Number of Covered Spaces: 3No CarportHas a GarageHas Open ParkingParking Spaces: 3Parking: Gravel,Driveway,Garage |
Frontage Road Frontage: Public, TBDRoad Surface Type: Paved |
Water & Sewer Sewer: Public Sewer |
Finished Area Finished Area (above surface): 7314 Square Feet |
Days on Market |
|---|
Days on Market: 44 |
Property Information |
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Year Built Year Built: 1880 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi FamilyStructure Type: Multi FamilyArchitecture: Multi Family |
Building Construction Materials: Wood Frame, Brick ExteriorNot a New Construction |
Price & Status |
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Price List Price: $710,000Price Per Sqft: $97 |
Location |
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Direction & Address City: Rutland City |
Agent Information |
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Listing Agent Listing ID: 4988076 |
Building |
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Building Area Building Area: 10438 Square Feet |
Lot Information |
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Lot Area: 0.26 acres |
Documents |
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Disclaimer: The listing broker's offer of compensation is made only to other real estate licensees who are participant members of PrimeMLS. |
Compensation |
|---|
Buyer Agency Commission: 3Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Miscellaneous |
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BasementMls Number: 4988076 |
Price History for 14 Cottage Street
| Date | Price | Event | Source |
|---|---|---|---|
| 03/15/2024 | $710,000 | Listed For Sale | PrimeMLS #4988076 |
| 03/14/2024 | ListingRemoved | PrimeMLS #4980962 | |
| 12/29/2023 | $710,000 | Listed For Sale | PrimeMLS #4980962 |
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Property Taxes and Assessment
| Year | 2022 |
|---|---|
| Tax | |
| Assessment | $220,700 |
Home facts updated by county records
Comparable Sales for 14 Cottage Street
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.10 | Multi-Family Home | $380,000 | 02/01/24 | 7 | 6 | 8,685 | |
0.15 | Multi-Family Home | $167,500 | 10/05/23 | 7 | 6 | 4,241 | |
0.20 | Multi-Family Home | $256,000 | 11/17/23 | 8 | 5 | 4,327 | |
0.14 | Multi-Family Home | $200,000 | 05/19/23 | 5 | 4 | 3,412 | |
0.27 | Multi-Family Home | $308,500 | 11/09/23 | 6 | 4 | 4,194 | |
0.06 | Multi-Family Home | $175,000 | 03/01/24 | 4 | 3 | 2,512 | |
0.12 | Multi-Family Home | $116,000 | 01/02/24 | 4 | 2 | 1,648 | |
0.36 | Multi-Family Home | $185,000 | 12/07/23 | 12 | 5 | 3,708 | |
0.26 | Multi-Family Home | $247,000 | 09/05/23 | 8 | 4 | 3,380 |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Rutland City
- Trulia User
- Visitor
- 1y ago
"Skiing near by is nice. There are some nice restaurants and a good choices for grocery shopping. Good bars"
- Anna G.
- Resident
- 3y ago
"I work from home so I can’t speak to this. But I do know the bus runs often as there is a stop immediately outside my home. "
- Anna G.
- Resident
- 3y ago
"The summer time is fantastic- there are lots of events- Friday night lives, and music in the park! Lots of fun activities to do!"
- Dibbits
- Resident
- 4y ago
"neighborhood has mixed family units. some children play outside and are monitored by adult supervision. nighttime activities with carton"
- Dibbits
- Resident
- 4y ago
"Parks and Recreation, Arts and Leisure, Theatre events. Civic groups sponsor various activities. School sporting events, concerts. "
- Dibbits
- Resident
- 4y ago
"walking distance to downtown, drive to most places but not much exists in Rutland beyond 38+ restaurants"
- Dibbits
- Resident
- 4y ago
"i live in this town (downtown) so there really is no commute for me to this downtown district. it is literally a two minute walk"
- AH
- Resident
- 5y ago
"There Are many people who walk dogs all over the place. One big thing is that if your dog gets out frequently the dog catchers are quick and are frequently "
- Kwinchester0421
- Resident
- 5y ago
"There’s a Halloween parade every year, fireworks in July not really a lot to do. There’s a movie theater and a Walmart "
- Dibbits
- Resident
- 5y ago
"each neighborhood is unique as the people who live in it are unique. There are no tikki-takki houses in Rutland. on any given street, each house is different from the next"
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Betsy Adamovich, Real Broker LLC
Copyright 2024 PrimeMLS, Inc. All rights reserved.
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-02-12 14:37:28 PST.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
14 Cottage Street, Rutland, VT 05701 is a studio, 7,314 sqft multi-family built in 1880. 14 Cottage Street is located in Rutland City, Rutland. This property is currently available for sale and was listed by PrimeMLS on Mar 15, 2024. The MLS # for this home is MLS# 4988076.