$1,190,000
Great investment opportunity, Well maintained property in Rutland town ( Center Rutland) this property consists of two buildings, Front building with 10 units and the back building is 4 units , Total of 14 units all one bedroom apartments, Sits on a large parcel over 1.20 +- Acres , Plenty… Read More of parking with a loop driveway Convenient for tenants, Vinyl siding and vinyl replacement windows, The pro forma Numbers on this property with 100% occupancy is As follows Gross revenues $197, 400 A year With expenses just around $60,000 per year, not including management , regular maintenance calls, Vacancy rateAnd debt service, Current CAP Rate Above 11% This property is offered with another 14 unit property in Castleton ($1,260,000) as 28 units package 11 units are occupied currently the other 3 are in transition . Two Heating boilers service the front building and one boiler Services the back building. His property is convenient to the city amenities . Read Less
Courtesy of Mike Kalil, Watson Realty & Associates 802-773-3500
Listing Snapshot
Days Online
2
Last Updated
Square Ft.
12,500
Lot Size
1.22 Acres
Year Built
1987
MLS Number
5067282
Additional Details
Property Access
Road Frontage: Yes
Basement
Basement Access Type: Interior, Basement: Yes, Unfinished
Cooling
None
Garage
Garage: No
Heating
Baseboard
Income
Gross Income: 197400, Net Income: 138339
Lot
1.22 acres, 53,143 sqft
Parking
Driveway: Gravel
Property
Seasonal: No, 12,500 finished sqft above grade, 12,500 total finished sqft, 14,500 total sqft, 2,000 unfinished sqft below grade, 14 one-bedroom units, 2 stories, 14 units, Built in 1987
Roof
Asphalt Shingle
Sewer
Public
Taxes
Gross Amount: $11,647
Utilities
Electric Company: Green Mountain Power, Circuit Breaker(s)
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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