List Price: $1,275,000 | $255 per sq.ft. Multi Family A 5 Unit Multi Family Home
With 3 One Bedroom Units , 1 - Two Bedroom Units ,1 - Three Bedroom Units
Listed Wednesday Feb 26, 2025 | MLS# 5030340
997 Us Route 4 E Rutland Town VT
Listed by Derek Greene Derek Greene
Net operating income of over $113,000 (see attachment)!  At the list price, the property generates a turnkey cap rate of ~9%.  The owners live out of state and manage the property remotely.  This multi-family consists of five units located on a well-manicured 2-acre parcel in peaceful Rutland Town. Property is equipped with smart locks and security cameras for seamless remote monitoring.  The main house includes two units, unit A with four bedrooms / one bathroom, and unit B with two bedrooms / one bathroom. The units in the duplex in the center of the property feature one bedroom / one bathroom and full kitchens with compact W/D. The cottage features a lofted bed / one bathroom with micro-kitchen. The entire property was renovated / remodeled between 2022 and 2023 with quality materials and workmanship. All units are currently rented under long-term leases by quality tenants that have been fully vetted. The 2-acre property includes a large barn with three bays of storage and ample parking.  Minutes from all the action and upcoming multi-billion-dollar investments in Killington and Pico. Property is being sold fully furnished. PLEASE DO NOT DISTURB TENANTS!
Sale Includes : Furnishings
Operating Expenses : Heat,Insurance,Maintenance
Annual Expenses

Taxes: $5,606
Income
NetIncome | $113,282

UNIT 1

Beds: 1
Baths: 1
Rooms: 1
Rent : 1600.00 Monthly
Lease Term : Annual
Status : Leased

UNIT 2

Beds: 1
Baths: 1
Rooms: 2
Rent : 1750.00 Monthly
Lease Term : Month to Month
Status : Leased

UNIT 3

Beds: 1
Baths: 1
Rooms: 2
Rent : 1950.00 Monthly
Lease Term : Short Term
Status : Leased

UNIT 4

Beds: 4
Baths: 1
Rooms: 5
Rent : 2750.00 Monthly
Lease Term : Annual
Status : Leased

UNIT 5

Beds: 2
Baths: 1
Rooms: 4
Rent : 2500.00 Monthly
Lease Term : Annual
Construction: Insulation-Cellulose | Insulation-FiberglssBatt | Metal | Wood Frame
Year Built: 1850
Style: Other
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 5200
Above Grade Sq.Ft.: 5000
Basement: Concrete Floor | Unfinished
Foundation: Concrete | Stone
Roof: Metal
Garage And Parking: Driveway | Parking Spaces 5 - 10 | Unassigned
Seasonal: No
Heating: Baseboard | Radiator | Wall Units
Cooling: Wall AC Units | Individual
Electric: On-Site
Utilities: Cable
Electric Meters: 5
Water: Cistern | Drilled Well
Sewer: Leach Field | Septic
Land Information
Level | View
Lot size: 2 acres
Zoned: Mixed)
Surveyed: Yes
Flood Zone: No
Driveway: Paved


Block - 20
Taxes $5,606
Assesed Value Not Reported
Schools
School District: Rutland Town School District

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