Are you on the lookout for an investment property in Vermont? Look no further than this duplex-style two-unit multi-family in Rutland City. This is an excellent opportunity for investors looking to add a multi-family property to their portfolio.
The property features two units that are set up side by side, with separate entrances and separate heating systems, hot water heaters, and electric panels. The units are divided by a lockable door in between, ensuring privacy for each tenant. The duplex-style layout provides a great opportunity for investors to maximize rental income, as they can rent out both units separately or live in one unit and rent out the other.
The property has recently undergone some upgrades, including the replacement of both oil tanks and repairs to the slate roof. Outside, there is a private driveway and a three-bay garage for tenants to use. Each unit also has its own kitchen, ensuring that tenants can cook their meals with ease.
Previously, each tenant paid their own heat, electricity, and cable. However, the new owner can decide to keep this arrangement or include these costs in the rent. The separate kitchens and side-by-side front doors make it easy for tenants to live separately while still enjoying the benefits of living in a multi-family property.
It is important to note that the seller and agency have no knowledge of the systems in place, and the buyer is responsible for verifying all data. The property is being sold as is, which means that any repairs or upgrades will be the responsibility of the new owner.
Investing in a multi-family property like this one in Rutland City is an excellent way to diversify your investment portfolio and generate passive income. With its convenient location and separate units, this property is sure to attract tenants and provide a steady stream of rental income. Don’t miss out on this excellent investment opportunity!
5-7 Cramton Avenue, Rutland City, VT 05701