$665,000
Exceptional 13.37% Cap Rate at asking! Prime Multi-Family Investment Opportunity in Rutland City. Your next investment opportunity is here! This well-maintained 8-unit multifamily property features a desirable and diversified unit mix of six (6) 2-bedroom, 1-bath units and two (2) studio apartments. The building has been thoughtfully cared for and… Read More is supported by many long-term tenants, contributing to stabilized occupancy and reliable performance. Generating $113,880 in gross annual income, the property is located within walking distance to downtown Rutland, benefiting from strong rental demand driven by easy access to public transportation, restaurants, retail, and essential services. Investors will appreciate the immediate income in place, along with future upside potential through rent growth, cosmetic improvements, or operational efficiencies. A compelling opportunity for investors seeking a high-yield, income-producing asset in a dependable Vermont rental market, this property offers both stability today and growth potential for the future. Read Less
Courtesy of Betsy Adamovich, Real Broker LLC 855-450-0442
Listing Snapshot
Days Online
0
Last Updated
Square Ft.
5,836
Lot Size
0.33 Acres
Year Built
1988
MLS Number
5075585
Additional Details
Property Access
Road Frontage: TBD
Basement
Basement Access Type: Interior, Basement: Yes, Unfinished
Cooling
None
Floors
Carpet, Vinyl
Garage
Garage: No
Heating
Oil, Baseboard, Hot Water
Income
Gross Income: 113800, Net Income: 88918
Lot
0.33 acres, 14,375 sqft
Parking
Driveway: Gravel
Property
Seasonal: No, 5,836 finished sqft above grade, 5,836 total finished sqft, 7,516 total sqft, 1,680 unfinished sqft below grade, 2 one-bedroom units, 6 two-bedroom units, 2 stories, 8 units, Built in 1988
Roof
Asphalt Shingle
Sewer
Public
Taxes
Gross Amount: $12,519
Unit One
1 bathroom, 2 bedrooms, Lease Term: Annual, Rental Amount: 1195, Rental Amt Freq: Monthly, Rooms: 4, Status: Leased
Unit Two
1 bathroom, 2 bedrooms, Rental Amount: 1200, Rental Amt Freq: Monthly, Rooms: 4, Status: Leased
Unit Three
1 bathroom, 2 bedrooms, Rental Amount: 1400, Rental Amt Freq: Monthly, Rooms: 4, Status: Leased
Unit Four
1 bathroom, 2 bedrooms, Lease Term: Annual, Rental Amount: 1500, Rental Amt Freq: Monthly, Rooms: 4, Status: Leased
Unit Five
1 bathroom, 2 bedrooms, Lease Term: Annual, Rental Amount: 1100, Rental Amt Freq: Monthly, Rooms: 4, Status: Leased
Unit Six
1 bathroom, 2 bedrooms, Lease Term: Annual, Rental Amount: 1100, Rental Amt Freq: Monthly, Rooms: 4, Status: Leased
Unit Seven
1 bathroom, 1 bedroom, Lease Term: Annual, Rental Amount: 1000, Rental Amt Freq: Monthly, Rooms: 2, Status: Leased
Unit Eight
1 bathroom, 1 bedroom, Lease Term: Annual, Rental Amount: 995, Rental Amt Freq: Monthly, Rooms: 2, Status: Leased
Utilities
Circuit Breaker(s)
Mortgage Calculator
Monthly Payment
$0
Andrew Paluch
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