- 12 Bed(s)
- 8 Bathroom(s)
- Property Type : Single Family
- Building Type : Fourplex
- Title : Freehold
- Finished Area : 4472 sqft
- Days on Market : 26
- Built in : 1968
- Total Parking Spaces : 4
Description
Opportunities like this don’t come up often—especially not in this condition. Set in the heart of Rutland, this well-maintained four-plex is tailor-made for investors and developers looking for solid income today and big upside tomorrow. The property not only has development potential but also has a significant rental uptake potential. The property currently sits at 4.34% cap rate generating over $98,000 annually currently. With MF2 zoning allowing for future redevelopment potential (up to 7-8 townhomes), this 0.40-acre property is as strategic as it is smart. This fully tenanted property is ideal for holding while you plan your next move. Each of the four units is set up as a 2 storey townhome with 3 bedrooms and 1.5 bathrooms. Each unit their own outdoor space, parking, and dedicated storage. The condition is clean, functional, and tenant-friendly, making it easy to keep full and cash flowing. Located steps from transit, shops, restaurants, and schools, this is a high-demand rental pocket with long-term development value. Rarely do four-plexes in this shape hit the market—especially with zoning this favorable. (id:56537)
Details
Amenities Nearby : -
Access : -
Appliances Inc : -
Community Features : -
Features : -
Structures : -
Total Parking Spaces : 4
View : -
Waterfront : -
Zoning Type : Unknown
Building
Architecture Style : Other
Bathrooms (Partial) : 4
Cooling : See Remarks
Fire Protection : -
Fireplace Fuel : -
Fireplace Type : -
Floor Space : -
Flooring : -
Foundation Type : -
Heating Fuel : Electric
Heating Type : -
Roof Style : Unknown
Roofing Material : Asphalt shingle
Sewer : Septic tank
Utility Water : Municipal water
Basement
Type : -
Development : -
Features : -
Landscape Features : -
Rooms
Bedroom
: 12'2'' x 9'8''
Primary Bedroom
: 11'2'' x 11'9''
3pc Bathroom
: 6'7'' x 8'1''
2pc Bathroom
: 3'2'' x 6'2''
Other
: 3'1'' x 10'9''
Kitchen
: 11'11'' x 10'3''
Living room
: 15'6'' x 17'2''
Foyer
: 8'11'' x 3'6''
2pc Bathroom
: 3'1'' x 6'6''
Other
: 3'1'' x 10'8''
Kitchen
: 12'0'' x 10'4''
Living room
: 15'5'' x 13'11''
Foyer
: 6'10'' x 5'3''
2pc Bathroom
: 2'10'' x 6'6''
Kitchen
: 11'10'' x 10'5''
Living room
: 15'3'' x 16'10''
Foyer
: 8'9'' x 13'0''
Foyer
: 8'11'' x 3'6''
Living room
: 15'6'' x 17'2''
Kitchen
: 11'11'' x 10'3''
Other
: 3'1'' x 10'9''
2pc Bathroom
: 3'2'' x 6'2''
3pc Bathroom
: 6'7'' x 8'1''
Primary Bedroom
: 11'2'' x 11'9''
Bedroom
: 12'2'' x 9'8''
Bedroom
: 8'7'' x 8'8''
Other
: 5'1'' x 11'5''
3pc Bathroom
: 7'2'' x 8'3''
Primary Bedroom
: 11'4'' x 11'10''
Bedroom
: 9'11'' x 12'5''
Bedroom
: 8'7'' x 8'9''
Other
: 5'2'' x 8'0''
Other
: 7'2'' x 4'3''
3pc Bathroom
: 7'2'' x 7'11''
Bedroom
: 10'11'' x 11'7''
Primary Bedroom
: 9'9'' x 12'3''
Bedroom
: 8'3'' x 8'9''
Other
: 8'3'' x 10'3''
Other
: 5'1'' x 11'5''
Bedroom
: 8'7'' x 8'8''
