84 Crescent St, Rutland, VT 05701

Description

**Turn Key Buy and Hold Investment in Rutland City!**

Looking for a solid buy-and-hold in Rutland City? This is it. This meticulously maintained multi-family has been extensively updated since 2020 and is ready for its next owner, including:

- New electrical panel (2022)
- Plumbing and electrical updates (2020)
- New oil tank (2024)
- New chimney (2021)
- Complete remodel, including a new kitchen in Apartment 2 (2021)
- New appliances (2020)
- New deck (2022)
- New boiler to be installed before close (2026)

Each unit offers 2 bedrooms and 2 baths with generous living space, a private deck, and off-street parking. A barn/outbuilding on the property provides extra storage, currently used by the Apartment 1 tenant.

With a flawless occupancy history and a prime location close to schools, parks, and downtown Rutland, this property offers long-term stability for any investor. It's currently producing a 4% CAP rate — and with rents still priced below market, there's built-in upside from day one.

Move in ready as-is, or unlock even more value: convert to cold-climate heat pumps and pass energy costs on to tenants, a strategy with the potential to boost the CAP rate to 5.5%.

Don't miss this rare opportunity to add a stable, updated multi-family to your portfolio.