168 N.Main Street
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$449,500

168 N.Main Street
Rutland City, VT 05701
Listed by Freddie Ann Bohlig · Four Seasons Sotheby's Int'l Realty
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1886

About this home

Investment opportunity with outstanding Route 7 North visibility and commercial zoning that opens the door to a wide variety of uses. This turnkey, income-producing property offers over 3,000 square feet of beautifully renovated space and includes a one-bedroom apartment that is currently leased to a long-term tenant for $1,060 per month, providing reliable year-round income. The spacious main residence features four bedrooms and four and a half baths and has operated as a highly successful Airbnb for the owners over the past several years. The property is also currently booked with seasonal renters from December 1 through March 31, offering immediate income to the next owner. Renovated from top to bottom in 2006, this impressive building was updated with quality furnishings, modern utilities, plumbing, insulation, wiring, oil furnace, central air, appliances, and an attractive interior highlighted by a cozy fireplace. Formerly a successful salon, the property offers exceptional flexibility for continued short-term rental use, an owner-occupied business, or a variety of commercial ventures. A large rear storage shed, abundant paved parking, and the fact that the property is being offered fully furnished make this a truly turnkey investment. Fantastic location just minutes to Killington Resort, pristine lakes, and an active downtown featuring Paramount Theatre, outstanding restaurants, farmers markets, and year-round events. Experience the very best of Vermont and Live Vermont!

Property details

MLS #
5088308
Property type
Residential Income
Subdivision
N/A
Status
Active
Days on market
92
On market date
N/A
Stories
N/A
Garage spaces
N/A
Lot size
0.32 acres
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Est. monthly payment
$2,857/mo
$89,900 down
$359,600 loan
Principal & interest$2,332
Property tax (est.)$375
Home insurance (est.)$150

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