NOT LISTED FOR SALE

43 Evergreen Ave Rutland, VT 05701

Estimated Value: $230,000 - $336,000

4 Beds
4 Baths
3,020 Sq Ft
$91/Sq Ft Est. Value

Last Sold December 08, 2021

Last sale price $195,000 $65 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,618/month

45 Days on Market

Highlights

  • Wood Flooring
  • 3 Car Detached Garage
  • High Speed Internet
  • Covered patio or porch
  • Hot Water Heating System
  • Wood Siding

About This Home

As of December 2021

Now this just makes $ense! Located on this dead end city street is where you will find this 4 unit apartment house with detached 3 bay garage that has a current cap rate of 10 percent with below market rents. This building could easily produce close to a 13 percent cap rate with a little rent increase. Attached on the paper clip please see the income & expenses for 43 Evergreen Avenue. Three of the tenants have been there from 5 to 8 years with the newest tenant being in their unit for 3 years. There are 4 boilers, hot water heaters, oil tanks and 4 electric panels with the 5th panel for the owners coverage of the electric. These units are spacious for 1 bedroom units and this location is an easy walk to the Pine Hill Park area. This wonderful investment property has been in this family for years. Certainly a better return than money in the bank, so take a look.

Last Agent to Sell the Property

Hughes Group Team

Casella Real Estate License #082.0134727 Listed on: 08/10/2021

Last Buyer's Agent

Linda McLenithan

SoVermont Realty License #081.0134070

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1880

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Sloped Up

Parking

  • 3 Car Detached Garage

Home Design

  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Slate Roof
  • Membrane Roofing
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 4 Full Bathrooms
  • 2-Story Property

Flooring

  • Wood
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House
  • Walk-Up Access

Outdoor Features

  • Covered patio or porch

Utilities

  • Hot Water Heating System
  • Heating System Uses Oil
  • Separate Meters
  • Electric Water Heater
  • High Speed Internet
  • Phone Available

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $28,920
  • Net Operating Income $18,877

Property Details

Home Type

Multi-Family

Year Built

Built in 1880

Lot Details

0

Parking

3

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: State Street to North on Evergreen Avenue~property on the left hand side of the road~ see sign
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 64.57
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 5161
  • Sq Ft - Apx Total Finished: 3020
  • Year Built: 1880
  • Remarks Public: Now this just makes $ense! Located on this dead end city street is where you will find this 4 unit apartment house with detached 3 bay garage that has a current cap rate of 10 percent with below market rents. This building could easily produce close to a 13 percent cap rate with a little rent increase. Attached on the paper clip please see the income & expenses for 43 Evergreen Avenue. Three of the tenants have been there from 5 to 8 years with the newest tenant being in their unit for 3 years. There are 4 boilers, hot water heaters, oil tanks and 4 electric panels with the 5th panel for the owners coverage of the electric. These units are spacious for 1 bedroom units and this location is an easy walk to the Pine Hill Park area. This wonderful investment property has been in this family for years. Certainly a better return than money in the bank, so take a look.
  • List Agent: 281929
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Hardwood, Vinyl
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Full
  • Sq Ft - Apx Finished AG: 3020
  • Sq Ft - Apx Unfinished AG: 586
  • Sq Ft - Apx Unfinished BG: 1555

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Wood Siding
  • Foundation: Brick, Stone
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Membrane, Metal, Slate, Standing Seam
  • Features Exterior: Porch, Porch - Covered

Garage/Parking

  • Garage Capacity: 3
  • Garage: Yes
  • Garage Type: Detached

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Heating Fuel: Oil
  • Heating: Hot Water
  • Separate Utilities: Yes
  • Total Electric Meters: 4
  • Total Heat Units: 4
  • Total Ranges: 4
  • Total Refrigerators: 4
  • Total Water Heaters: 4
  • Utilities: High Speed Intrnt -Avail, Telephone Available

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 10454
  • Lot Acres: 0.24
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: unknown
  • Deed Recorded Type: Deed to be Obtained

Multi Family

  • Gross Income: 28920
  • Net Income: 18877.43
  • Total Full Baths: 4
  • Total Units: 4
  • Total1 Bedroom Units: 4

Tax Info

  • Tax Gross Amount: 6102.57
  • Tax Year: 2021

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2021 12/08/21 Sold $195,000 +5.4% $65 / Sq Ft
09/24/2021 09/24/21 Pending -- -- --
09/22/2021 09/22/21 For Sale $185,000 0.0% $61 / Sq Ft
08/20/2021 08/20/21 Pending -- -- --
08/10/2021 08/10/21 For Sale $185,000 -- $61 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 -- $176,100 $41,000 $135,100
2023 -- $176,100 $41,000 $135,100
2022 $6,081 $176,100 $41,000 $135,100
2021 $6,158 $176,100 $41,000 $135,100
2020 $6,102 $176,100 $41,000 $135,100
2019 $5,951 $176,100 $41,000 $135,100
2018 $5,960 $176,100 $41,000 $135,100
2017 $5,549 $176,100 $41,000 $135,100
2016 $5,532 $176,100 $41,000 $135,100
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2021

    Hughes Group Team

    Casella Real Estate

    (802) 772-7487

    182 in this area

    459 Total Sales

    Section Image
  • Linda McLenithan

    Buyer's Agent in 2021

    Linda McLenithan

    SoVermont Realty

    (802) 375-3632

    2 in this area

    47 Total Sales

    Section Image
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Map

Source: PrimeMLS

MLS Number: 4877131

PrimeMLS

APN: 540-170-11485

Vermont Rutland County Rutland 05701

43 Evergreen Ave, Rutland, VT

This home is located at 43 Evergreen Ave, Rutland, VT 05701 since 10 August 2021 and is currently estimated at $276,235, approximately $91 per square foot. This property was built in 1880. 43 Evergreen Ave is a home located in Rutland County with nearby schools including Rutland Intermediate School, Rutland Middle School, and Rutland Senior High School.

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