A RARE TWO-BUILDING INVESTMENT & LIFESTYLE OPPORTUNITY IN THE HEART OF RUTLAND! Situated on a single .24-acre city lot, 2 Jackson Avenue and 94 South Main Street, being sold together, offer a unique blend of strong income potential and flexible living options. Whether you're an investor seeking solid cash flow, an owner-occupant looking to offset your mortgage, or someone dreaming of a seasonal Vermont retreat with income in place--this property delivers. The fully renovated single-family home at 94 South Main Street features 4 bedrooms and 2 baths with extensive updates including windows, doors, kitchen, bath, flooring, and appliances. The adjacent multi-family at 2 Jackson Avenue offers three recently renovated apartments with updated finishes throughout. With tenants in the single family property paying all utilities--including heat, electric, water/sewer, and internet--overall expenses stay low and returns stay strong, currently generating $47,599 in net income. Major capital improvements for added peace of mind include newer: roofs (2018), boilers (2019), oil tanks (2019), updated windows (2018-2020), plus added gutters and a replaced deck. Live in one unit and let the others pay your way, or enjoy a seasonal getaway while your investment works year-round. Conveniently located just minutes to Rutland Regional Medical Center, downtown dining, shopping, and only blocks to White's Pool and Recreation Park. Also only minutes from world class skiing at Killington/Pico Resorts. Burlington and Albany Airports are less than 2hours away. Turnkey, well-maintained, and income-producing--this is Vermont living with built-in financial upside.
Operating Expenses : Heat,Insurance,Snow Removal,Trash,Utilities,Water/Sewer
Annual Expenses
Taxes: $6,758
Income
Gross Income | $61,800
NetIncome | $47,599
Appliances : Electric Water Heater | Separate Water Heater
Construction: Wood Frame
Year Built: 1880
Style: Farmhouse | Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 5762
Above Grade Sq.Ft.: 4460
Basement: Concrete Floor | Gravel | Interior Stairs | Storage Space | Unfinished
Exterior Color: White
Roof: Shingle
Seasonal: No
Heating: Oil
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable Available | Telephone Available
Electric Meters: 4
Gas_Meters: 0
Water: Public
Sewer: Public
Land Information
City Lot | Corner | Sidewalks | Street Lights
Lot size: 0.24 acres
Zoned: RESD 1)
Surveyed: Unk
Flood Zone: No
Driveway: Paved