- $279,000
- MLS#: 5000635
- 4
- # of Units
- 3,356
- Total Sq. Feet
- 0.14
- Acres
- $4,993
- Taxes
1 of 39
General Property Information
- Price:
- $279,000
- County:
- VT-Rutland
- Acres:
- 0.14
- Property Type:
- Multi-Family
- Property Status:
- Under Contract
- # of Units:
- 4
- Agency/Brokerage:
- Hughes Group Team
Casella Real Estate
Don't miss this chance to acquire a high-yield property in Rutland City. Whether you're a seasoned investor or looking to start your real estate portfolio, these buildings offer an excellent opportunity for stable and profitable returns. One building consists of two 3-bedroom 1-bathroom units and the other of two 1 bedroom 1-bathroom units. Heat and electricity are separately metered, minimizing owner expenses as tenants are responsible for their own utilities. The two buildings have a shared driveway as well as off-street parking that is exempt from Rutland City's winter parking ban, providing convenience for tenants year-round. This property has the potential for a 13% cap rate, gross income is based on projected market rates, 2 units are currently vacant leaving a buyer the ability to fill the vacancies with tenants of their choice. Call for a breakdown of the financials and to schedule a showing of this great investment opportunity.
Features
- Property Type:
- Multi-Family
- # of Units:4
- Subdivision Name:
- Year Built:
- 1900
- Parking:
- Road Frontage:
- 0
- Acres:0.14
- Gross Income:
- 46,800
- Annual Expenses:
- 0
- # of Gas Meters:
- # of Electric Meters:
- 0
- Sq Ft (Above Ground):
- 3356
- Sq Ft (Below Ground):
- 0
- Total Sq Ft:
- 3356
- Land Description:City Lot
- Elementary School:
- Middle School:
- High School:
- Financing Details:
- Documents Available:
Unit Information
Unit 1
- #Rooms:
- 4
- #Bedrooms:
- 1
- #Baths:
- 1
- Sq. Ft.:
- 0
- Floor:
- 1
- Unit Style:
- Monthly Rent:
- 0.00
Unit 2
- #Rooms:
- 4
- #Bedrooms:
- 1
- #Baths:
- 1
- Sq. Ft.:
- 0
- Floor:
- 2
- Unit Style:
- Monthly Rent:
- 900.00
Unit 3
- #Rooms:
- 6
- #Bedrooms:
- 6
- #Baths:
- 1
- Sq. Ft.:
- 0
- Floor:
- 1
- Unit Style:
- Monthly Rent:
- 850.00
Unit 4
- #Rooms:
- 6
- #Bedrooms:
- 3
- #Baths:
- 1
- Sq. Ft.:
- Floor:
- Unit Style:
- Monthly Rent:
- 0.00
Other Information
- List Date:
- 2024-06-14
- Last Updated:
- 2024-06-29 20:35:35
