FOR SALE
Listed by Betsy Adamovich, Real Broker LLC, (802) 613-0729
78 Traverse Place
Rutland, VT 05701
Rutland City
9 Beds
6 Baths
3,560 sqft
- 9 Beds
- 6 Baths
- 3,560 sqft
9 Beds
6 Baths
3,560 sqft
Local Information
© Google
-- mins to
Commute Destination
Last check for updates: about 16 hours ago
Listing courtesy of Betsy Adamovich
Real Broker LLC, (802) 613-0729
Source: PrimeMLS, MLS#4988146
Description
RUTLAND CITY, VT - An exceptional investment opportunity at 78 Traverse Place! This property features 5 units, including 3 two-bedroom units, 1efficiency unit, and 1 three-bedroom unit. The units are characterized by their spacious layouts and careful maintenance, offering tenants comfortable and inviting living spaces. All units are currently rented, ensuring a steady and lucrative income stream. The property's success in generating revenue reflects its appeal to tenants and the strategic decisions made by the current ownership. What sets 78 Traverse Place apart is its diverse unit mix, providing variety in housing options. This approach enhances the property's attractiveness to tenants and adds a layer of stability and long-term investment value. 78 Traverse Place is a prime investment in Rutland's real estate—a property with 5 well-maintained units, all currently rented and generating income. Don't miss out on this fantastic opportunity that blends comfort with financial success. At listing price, this property has a cap rate over 11%! 4 other buildings from this investment portfolio are also currently listed for sale. Please inquire for information on additional properties. Owner will not consider creative financing.
Home Highlights
Parking
Open Parking
Outdoor
Porch
A/C
Heating only
HOA
None
Price/Sqft
$124
Listed
43 days ago
Home Details for 78 Traverse Place
Active Status |
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MLS Status: Active |
Interior Features |
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Interior Details Basement: Unfinished,Walk-Up Access |
Beds & Baths Number of Bedrooms: 9Number of Bathrooms: 6 |
Dimensions and Layout Living Area: 3560 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: Shingle AsphaltPatio / Porch: Porch - CoveredFoundation: Concrete |
Parking & Garage No CarportNo GarageHas Open ParkingParking: Paved,Driveway |
Frontage Road Frontage: Public, TBDRoad Surface Type: Paved |
Water & Sewer Sewer: Public Sewer |
Finished Area Finished Area (above surface): 3560 Square Feet |
Days on Market |
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Days on Market: 43 |
Property Information |
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Year Built Year Built: 1900 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi FamilyStructure Type: Multi FamilyArchitecture: Multi Family |
Building Construction Materials: Wood Frame, Clapboard ExteriorNot a New Construction |
Price & Status |
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Price List Price: $440,000Price Per Sqft: $124 |
Location |
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Direction & Address City: Rutland City |
Agent Information |
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Listing Agent Listing ID: 4988146 |
Building |
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Building Area Building Area: 5340 Square Feet |
Lot Information |
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Lot Area: 5227.2 sqft |
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: 4988146 |
Price History for 78 Traverse Place
| Date | Price | Event | Source |
|---|---|---|---|
| 03/15/2024 | $440,000 | Listed For Sale | PrimeMLS #4988146 |
| 03/14/2024 | ListingRemoved | PrimeMLS #4980959 | |
| 12/29/2023 | $440,000 | Listed For Sale | PrimeMLS #4980959 |
| 02/05/2020 | $156,400 | Sold | N/A |
| 11/24/2003 | $155,000 | Sold | N/A |
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Property Taxes and Assessment
| Year | 2022 |
|---|---|
| Tax | |
| Assessment | $156,400 |
Home facts updated by county records
Comparable Sales for 78 Traverse Place
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.19 | Multi-Family Home | $185,000 | 12/07/23 | 12 | 5 | 3,708 | |
0.05 | Multi-Family Home | $175,000 | 08/10/23 | 5 | 2 | 2,803 | |
0.24 | Multi-Family Home | $185,000 | 04/08/24 | 6 | 3 | 2,896 | |
0.38 | Multi-Family Home | $200,000 | 05/19/23 | 5 | 4 | 3,412 | |
0.55 | Multi-Family Home | $167,500 | 10/05/23 | 7 | 6 | 4,241 | |
0.47 | Multi-Family Home | $256,000 | 11/17/23 | 8 | 5 | 4,327 | |
0.60 | Multi-Family Home | $247,000 | 09/05/23 | 8 | 4 | 3,380 | |
0.41 | Multi-Family Home | $209,000 | 12/29/23 | 4 | 3 | 2,829 | |
0.46 | Multi-Family Home | $175,000 | 03/01/24 | 4 | 3 | 2,512 |
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.
78 Traverse Place, Rutland, VT 05701 is a 9 bedroom, 6 bathroom, 3,560 sqft multi-family built in 1900. 78 Traverse Place 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# 4988146.