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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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12 Chaplin Ave , Rutland City, VT 05701
$230,000
Est. Payment: $511.11/mo
4 Bed
2 Bath
1676 Sqft
Status: Active | Days on site: 3
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6470 - 629761
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House Description

Turnkey Two-Unit Multifamily Investment Opportunity in Rutland City! Welcome to 12 Chaplin Ave, a beautifully renovated two-unit multifamily property offering an excellent opportunity for investors or owner-occupants alike. Thoughtfully renovated down to the studs between 2019 and 2020, this property underwent extensive improvements including exterior wall insulation, updated electrical and plumbing, new drywall, flooring, cabinets, appliances, fixtures, and extensive roof repairs to both the asphalt shingle and slate roofing. The property features two well-maintained units, including a comfortable studio apartment and a spacious three-bedroom apartment. Each unit has its own washer and dryer, providing added convenience for tenants. Both units are occupied by long-term tenants, with one tenant in place for approximately five years and the other for more than two years. This is a truly turnkey investment, with tenants responsible for their own heat and electricity, helping to keep owner operating expenses manageable. With strong rental income and an approximate 10% cap rate at the asking price, 12 Chaplin Ave presents an attractive opportunity for an investor looking for immediate income potential with significant renovations already completed. A solid combination of updated systems, long-term tenancy, separate utilities, and strong income makes this a multifamily property worth a closer look.

Highlights

Listed by Hayley Santopolo , 802-282-6688 Real Broker LLC , 802-613-0729.

Property Type

Multi-Family

Lot/Acreage
0.11

Year Built

1930

County

Rutland

School District

Rutland City School District

Listing ID

5108453

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:2
  • Full Bathrooms:
Floor:Carpet,Laminate,Tile
Above Ground Sq Ft:1676
Basement:Yes,Concrete Floor,Dirt Floor,Partial,Walkout,Exterior Access

Exterior Features

Lot:Existing
Zoning:Mixed Residential
Roof:Asphalt Shingle,Slate
Others:
  • Additional:Covered Porch
Sewer:Public Sewer at Street
Principal Interest
$511
Taxes
$305

Home Price

$230,000

Loan Details

30 yrs
%

Down Payment

20%
$46,000
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Monthly Price:
$511.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $511.11 $305.08 $0.00 $816.19
Yearly $6,133.33 $3,661.00 $0.00 $9,794.33
Total $184,000.00 $109,830.00 $0.00 $293,830.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Rutland City, VT).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.