$1,260,000
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260 Business Route 4 Street Rutland Town, VT 05701
Multi-Family
Residence
Beds
14
Baths
...
Bed/Bath
12,500
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
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Great investment opportunity, Well maintained property in Rutland town ( Center Rutland) this property consists of two buildings, Front building with 10 units and the back building is 4 units , Total of 14 units all one bedroom apartments, Sits on a large parcel over 1.20 +- Acres , Plenty of parki...ng with a loop driveway Convenient for tenants, Vinyl siding and vinyl replacement windows, The pro forma Numbers on this property with 100% occupancy is As follows Gross revenues $197, 400 A year With expenses just around $60,000 per year, not including management , regular maintenance calls, Vacancy rateAnd debt service, Current CAP Rate Above 10.8% This property is offered with another 14 unit property in Castleton ($1,260,000) as 28 units package 11 units are occupied currently the other 3 are in transition . Two Heating boilers service the front building and one boiler Services the back building. His property is convenient to the city amenities .
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MLS#
5067282
Property Type
Multi-Family
Bathrooms
14 Full
Year Built
1987
Square Feet
12,500
sq. ft
Price per Sq. Ft.
$100.80
Lot Size
1.22
Sewer
Public Sewer
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