Bring your vision and toolsthis 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 gothis 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.
MLS # | 5038723 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | (10) Active - Active |
Year | 1900 |
Days On Site | 79 |
Listing Provided By | Real Broker LLC | Betsy Adamovich |
Basement | Y |
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Story(s) | 2 |
Units | 5 |
Zoning | MR-1 |
Acreage | 0.31 |
Cooling | None |
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Heating | Oil, Forced Air |
Roof | Shingle, Slate |
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Construction Materials | Wood Frame, Wood Exterior |
Foundation Details | Brick/Mortar, Concrete, Stone |
Lot Features | Level, Sidewalks, In Town, Near Shopping, Neighborhood, Near Public Transit, Near School(s) |
Garage Yes / No | No |
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Utilities | None |
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Electric | 200+ Amp Service, Circuit Breakers |
Sewer | Public Sewer |
State | VT |
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County | Rutland |
City | Rutland City |
Zip Code | 05701 |
Area | VT Rutland |