$212,500
Here is a great 5-unit multifamily in Rutland City that has been very well maintained over the years. All units have 1 bedroom with a kitchen, living room, and full bathroom. The property offers plenty of off-street parking, a detached garage, and is vinyl sided for easy maintenance. Conveniently located… Read More within walking distance to downtown. The property currently has a CAP rate of 8%, but this is using past rental income. Units 3, 4, and 5 are now vacant and rental amounts were well below market rate. If those three units were at market rate the projected new cap rate would be just over 13%. The two occupied units are also below market rent leaving even more room to increase the income potential. Unit 3 had a very long-term tenant and is in need of a total rehab, but once complete all units would be in great condition! Read Less
Courtesy of Hughes Group Team, Casella Real Estate 802-772-7487
Listing Snapshot
Days Online
176
Last Updated
Property Type
Residential Income
Square Ft.
3,195
Lot Size
0.27 Acres
Year Built
1900
MLS Number
4934188
Additional Details
Property Access
Frontage Type: Paved, Public
Appliances & Equipment
Tank Water Heater
Basement
Unfinished
Building
Built in 1900, Levels: Two, Construction Materials: Wood Frame, Vinyl Siding
Cooling
None
Foundation
Stone
Garage
1 spaces
Heating
Oil, Baseboard, Hot Water
Income
Gross Income: $38,760, Net Operating Income: $19,883.9
Lot
0.27 acres, City Lot
Parking
Detached
Property
Existing
Roof
Slate
Sewer
Public Sewer
Taxes
Annual Amount: $5,676.88, Year: 2022, Zoning: unknown
Utilities
Phone Available, Water Source: Public, Circuit Breakers
Mortgage Calculator
Monthly Payment
$0
Andrew Paluch

Thank you for reaching out! I will be able to read this shortly and get ahold of you so we can chat.
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