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Listed by Betsy Adamovich • Real Broker LLC
$ 300,000
Est. payment | /mo
0.31 Acres Lot
$ 300,000
Est. payment | /mo
0.31 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5038723
Construction Status Existing
Year Built 1900
Lot Size 0.310 Acres
Acres 0.31
Property Description
Bring your vision and tools—this massive property is ready for transformation. Once a 23-room boarding house, this impressive structure has been partially converted into a 4-5 unit multifamily building, with each unit designed to have 4+ bedrooms when complete. One of the units has been thoughtfully designed to meet ADA requirements. The groundwork has been laid, but there's still a long way to go—this is a true project for investors, developers, or ambitious owner-occupants. Previously permitted for 4 units, the city has indicated a 5th unit may be possible, and the sheer size of the building leaves room for even more (with proper permitting). Situated on a large lot with ample parking, this property offers endless potential for someone ready to roll up their sleeves and finish what's been started. This property is best suited as a cash sale or possibly a rehab/construction loan.
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning MR-1
Rooms
Basement Entrance Interior
Basement Unfinished
Interior
Cooling None
Exterior
Utilities Available None
Roof Type Shingle,Slate
Building
Story 2
Foundation Brick, Concrete, Stone
Sewer Public
Architectural Style Multi-Family
Construction Status Existing
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