$1,140,000
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 ,… Read More Plenty 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 10.8%
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 Mohammad Kalil, Watson Realty & Associates 802-773-3500
Listing Snapshot
Days Online
236
Last Updated
Property Type
Residential Income
Square Ft.
12,500
Lot Size
1.22 Acres
Year Built
1987
MLS Number
5067282
Additional Details
Property Access
Frontage Type: Paved, Public
Basement
Unfinished
Building
Built in 1987, Levels: Two, Construction Materials: Wood Frame, Vinyl Siding
Cooling
None
Expenses
Operating: $59,061
Foundation
Concrete
Heating
Baseboard
Income
Gross Income: $197,400, Net Operating Income: $138,339
Lot
1.22 acres, Country Setting, Landscaped
Property
Existing
Roof
Asphalt Shingle
Sewer
Public Sewer
Taxes
Annual Amount: $11,647, Year: 2026, Zoning: Residential
Utilities
Cable, 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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