RUTLAND CITY, VT — An exciting investment opportunity awaits at this fantastic 6-unit multifamily property. With a stellar rental history and all units currently leased, this building is a testament to its consistent appeal among tenants, making it an enticing prospect for savvy investors. 106 Library Ave offers a very rare opportunity —a multifamily building with six units, all contributing to a robust and steady income stream. This unique feature positions the property as a valuable find for investors seeking a reliable source of returns in Rutland's real estate market. 106 Library Ave is a standout in Rutland's real estate landscape—a dynamic 6-unit multifamily property with a proven rental history. Don't miss out on this fantastic investment opportunity that promises both financial stability and growth. Act now to secure a property that combines rarity, income potential, and lasting value. Property has a cap rate over 11% at the current list price! 4 other properties from the same portfolio are also currently for sale. Please inquire for further information on additional properties.
Property Details
Property Features
Property Information:
Year Built: 1988
Stories: 3
Living Area: 4,704 SqFt
Listing Office:
Office Name: Real Broker LLC
Office Phone: (802) 613-0729
Listing Agent: Betsy Adamovich
Interior Features
Interior Information:
Basement: Yes
Lot Features
Lot Information:
Lot Size: 0.19 Acres
Utilities
Utilities Information:
Heating: Baseboard, Hot Water
Cooling: None
Price Information
Listing Price Info
Price Summary:
List Price: $540,000
Price Per SqFt: $115/SqFt
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Rutland, VT.
Housing Market Reports are calculated by Rocket Homes Real Estate, LLC and based on information from the MLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/27/2024, 4:25:15 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,763
Per Month
Principal & Interest
$2,696
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,685
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Rutland Intermediate School
6365 Library Ave
Distance between this listing and this school0.23 miles
Public District Grades 3-6
2
/10
Proctor Elementary School
14 School St
Distance between this listing and this school4.39 miles
Public District Grades PK-6
9
/10
Killington Elementary School
686 Schoolhouse Rd
Distance between this listing and this school9.77 miles
Public District Grades PK-6
Nearby Schools
1
/10
Rutland Middle School
67 Library Ave
Distance between this listing and this school0.17 miles
Public District Grades 7-8
5
/10
Rutland Town Elementary School
1612 Post Rd
Distance between this listing and this school2.11 miles
Public District Grades PK-8
5
/10
Castleton-Hubbarton Unified School District #42
263 Elementary School Rd
Distance between this listing and this school11.39 miles
Public District Grades PK-8
Nearby Schools
6
/10
Rutland Senior High School
22 Stratton Rd
Distance between this listing and this school1.53 miles
Public District Grades 9-12
3
/10
West Rutland School
713 Main St
Distance between this listing and this school3.56 miles
Public District Grades PK-12
2
/10
Proctor Junior/Senior High School
4 Park St
Distance between this listing and this school3.73 miles
The neighbors living near this home have an average income of $41,103. Residents of Rutland, VT typically earn between $35k-100k each year. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 106 Library Ave
What is the listing price of this property?
The listing price of 106 Library Ave property is $540,000.
What type of property is this?
The property 106 Library Ave is land located in Rutland City, Vermont, 05701.
Is this property for sale now?
Active Listing: 106 Library Ave is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 106 Library Ave in Rutland City, VT and zip code 05701. This 4,704 square foot home, which was built in 1988, sits on a 0.19 acre lot. It has been listed on Rocket Homes since March 15, 2024 and is currently priced at $540,000.
While more than 5 listings in Rutland, VT in March 2024 were sold above asking price, there were more than 0 listings sold at asking price, and more than 4 were sold below. The number of homes for sale in Rutland, VT decreased by 2.8% between February 2024 and March 2024.
From Rocket Homes Real Estate and based on county public records data.