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Ashley Gile

ashley@ashleygile.com +1(603) 851-7452

Listed By Hayley Santopolo Real Broker LLC

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12 Chaplin AVE Rutland City, VT 05701

4 Beds

2 Baths

1,676 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,676 sqft

MLS Listing ID 5108453

Style Multi-Family

Bedrooms 4

Full Baths 2

Construction Status Existing

Year Built 1930

Annual Tax Amount $3,661

Tax Year 2026

Lot Size 4,791 Sqft

Acres 0.11

Property 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.

Location

State VT

County Vt-rutland

Area Vt-Rutland

Zoning Mixed Residential

Rooms

Basement Concrete Floor, Dirt Floor, Exterior Access, Partial, Walkout

Interior

Heating Propane, Baseboard, Hot Air, Multi Zone

Cooling None

Flooring Carpet, Laminate, Tile

Exterior

Parking Features No

Utilities Available Cable Available, Propane

Roof Type Asphalt Shingle,Slate

Building

Lot Description City Lot, In Town, Near Shopping, Near Public Transport, Near Hospital, Near School(s)

Story 2

Sewer Public Sewer at Street

Water Public Water at Street

Architectural Style Multi-Family

Construction Status Existing

Schools

Elementary Schools Rutland Northeast Primary Sch

Middle Schools Rutland Intermediate School

High Schools Rutland Senior High School

School District Rutland City School District

Ashley Gile

Agent

+1(603) 851-7452

Ashley Gile

12 Chaplin AVE Rutland City, VT 05701

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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12 Chaplin AVE

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