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Listed by Miffy Liao • Watson Realty & Associates
$ 4,080,000
Est. payment | /mo
2,500 SqFt
$ 4,080,000
Est. payment | /mo
2,500 SqFt
Key Details
Property Type Multi-Family
Listing Status Under Contract
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $1,632
MLS Listing ID 5028938
Construction Status Existing
Year Built 1900
Annual Tax Amount $5,877
Tax Year 2024
Lot Size 10,890 Sqft
Acres 0.25
Property Description
Great opportunity for investors, A package of 60 rental units , Consists of 13 multifamily buildings, all in Rutland City in close proximity to each other, All units have certificate of occupancies, Great rental history, This property produces over $873k in gross rent, The net cap rate is over 14.5% , The net income is over $596k per year, Not including management fee or vacancy rates, The current owner have owned them for years and is retiring. Profits have proven to be consistent and growing every year, Constant upgrade repairs have been made to all systems I.e Heating, Water to optimize efficiency .
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning residential
Rooms
Basement Entrance Interior
Basement Full
Interior
Cooling None
Exterior
Utilities Available Cable, Phone
Roof Type Shingle - Asphalt
Building
Story 2
Foundation Fieldstone
Sewer Public
Architectural Style Multi-Family
Construction Status Existing
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Rachel Amato
REALTOR®