List Price: $365,000 | $113 per sq.ft. Multi Family A 4 Unit Multi Family Home
With 1 One Bedroom Units , 3 - Two Bedroom Units ,0 - Three Bedroom Units Listed Wednesday Oct 2, 2024 | MLS# 5017046


Immaculate 4plex located a desirable quaint residential Rutland neighborhood This 100% occupied building has 3x2br and 1x1br, a net operating income north of $36K, and is being listed at a 10% cap rate based on current numbers. Units has been renovated and building has undergone weatherization resulting in lower than average annual heating bills. A new owner can step into to this turnkey investment, projected to yield over a 17% cash on cash return starting year 1 based on current numbers to realize significant returns from cash-flow vs speculation. Rents can be brought to market to achieve north of a 24% cash on cash return by year 2. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 4plex ahead of the historic multibillion dollar development occurring nearby at Killington, which, combined with rapidly falling rates, is already resulting in organic property appreciation and increased interest in the area from investors. The property is available as a package with other buildings across VT for a buyer looking for a larger high cash flow turnkey multifamily portfolio. Listing Broker is a member of the LLC selling the property.
Annual Expenses

Taxes: $6,636
Income

UNIT 1

Beds: 2
Baths: 1
Rooms: 0
Rent : 1250.00 Monthly

UNIT 2

Beds: 2
Baths: 1
Rooms: 0
Rent : 1075.00 Monthly

UNIT 3

Beds: 1
Baths: 1
Rent : 1100.00 Monthly

UNIT 4

Beds: 2
Baths: 1
Rent : 1300.00 Monthly
Construction: Wood Frame
Year Built: 1884
Style: Colonial
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 4324
Above Grade Sq.Ft.: 3220
Basement: Unfinished
Foundation: Stone
Roof: Shingle - Asphalt
Seasonal: No
Heating: Baseboard
Cooling: None
HeatFuel: Oil
Electric: Circuit Breaker(s)
Utilities: Cable
Electric Meters:
Water: Public
Sewer: Public
Land Information
Corner
Lot size: 0.17 acres
Zoned: Residential)
Surveyed: Unk
Flood Zone: No
Roads: Paved
Road Frontage: 150
Driveway: Paved


Taxes $6,636
Assesed Value Not Reported
Schools

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