$659,000
Exceptional 13.8% cap rate! Fantastic Multi-Family Investment Opportunity in Rutland City. Well-located and recently renovated 6-unit multifamily property in Rutland City, now fully occupied. The building includes six 2-bedroom, 1-bath units and is positioned to generate $110,100 in annual gross income with a net operating income of $90,991 at current… Read More rents and expenses. At the current asking price, this equates to an approximate 13.8% cap rate, making this a standout opportunity for cash-flow-focused investors. Located within walking distance to downtown Rutland, the property benefits from strong rental demand thanks to easy access to public transportation, restaurants, retail, and essential services. With stabilized occupancy in place, this property offers immediate income along with future upside through rent growth or operational efficiencies. A compelling option for investors seeking a high-yield, income-producing asset in a dependable Vermont rental market. Read Less
Courtesy of Betsy Adamovich, Real Broker LLC 855-450-0442
Listing Snapshot
Days Online
0
Last Updated
Square Ft.
4,772
Lot Size
0.17 Acres
Year Built
1900
MLS Number
5075586
Additional Details
Property Access
Road Frontage: TBD
Basement
Basement Access Type: Interior, Basement: Yes, Unfinished
Cooling
None
Garage
Garage: No
Heating
Propane, Baseboard, Forced Air, Hot Water
Income
Gross Income: 110100, Net Income: 90991
Lot
0.17 acres, 7,405 sqft
Parking
Driveway: Gravel
Property
Seasonal: No, 4,772 finished sqft above grade, 4,772 total finished sqft, 5,588 total sqft, 816 unfinished sqft below grade, 6 two-bedroom units, 2 stories, 6 units, Built in 1900
Roof
Asphalt Shingle
Sewer
Public
Taxes
Gross Amount: $9,549
Unit One
1 bathroom, 2 bedrooms, Lease Term: Annual, Rental Amount: 1200, Rental Amt Freq: Monthly, Rooms: 5, Status: Leased
Unit Two
1 bathroom, 2 bedrooms, Rental Amount: 1300, Rental Amt Freq: Monthly, Rooms: 4, Status: Leased
Unit Three
1 bathroom, 2 bedrooms, Rental Amount: 1575, Rental Amt Freq: Monthly, Rooms: 4, Status: Leased
Unit Four
1 bathroom, 2 bedrooms, Lease Term: Annual, Rental Amount: 1800, Rental Amt Freq: Monthly, Rooms: 4, Status: Leased
Unit Five
1 bathroom, 2 bedrooms, Lease Term: Annual, Rental Amount: 1500, Rental Amt Freq: Monthly, Rooms: 4, Status: Leased
Unit Six
1 bathroom, 2 bedrooms, Lease Term: Annual, Rental Amount: 1800, Rental Amt Freq: Monthly, Rooms: 4, Status: Leased
Utilities
Total Electric Meters: 6, Circuit Breaker(s)
Mortgage Calculator
Monthly Payment
$0
Andrew Paluch

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