List Price: $525,000 | $114 per sq.ft. Multi Family A 6 Unit Multi Family Home
With 1 One Bedroom Units , 5 - Two Bedroom Units ,0 - Three Bedroom Units Listed Wednesday Nov 13, 2024 | MLS# 5021984


Immaculate 6plex located a desirable quaint residential Rutland neighborhood. This rarely vacant building has 5x2br and 1x1br, a net operating income north of $60K, and is being listed at a ~11.5% 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 close to 20% cash on cash return by year 2. One unit has been left open for showings or immediate owner occupancy, but the building has traditionally been 100% occupied. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 6plex 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: $7,592
Income

UNIT 1

Beds: 1
Baths: 1
Rooms: 0

UNIT 2

Beds: 2
Baths: 1
Rooms: 0

UNIT 3

Beds: 2
Baths: 1

UNIT 4

Beds: 2
Baths: 1

UNIT 5

Beds: 2
Baths: 1
Rooms: 0

UNIT 6

Beds: 2
Baths: 1
Construction: Masonry | Wood Frame | Vinyl Siding
Year Built: 1969
Style: Multi-Family
Floors | Stories: 2.5
No. Elevators:
Total Sq.Ft. Finished: 4600
Above Grade Sq.Ft.: 4600
Foundation: Concrete
Roof: Shingle - Asphalt
Seasonal: Unk
Heating: Oil | Baseboard
Cooling: None
Electric: 100 Amp
Utilities: Cable
Electric Meters:
Water: Public
Sewer: Public
Land Information
Sidewalks
Lot size: 0.36 acres
Zoned: MR-1)
Surveyed: Unk
Flood Zone: No
Roads: Paved
Road Frontage: 100
Driveway: Paved


Taxes $7,592
Assesed Value Not Reported
Schools

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