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 parking 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 .
Rutland Town is located in Vermont. Rutland Town, Vermont has a population of 7,967.
The median household income in Rutland Town, Vermont is $51,868. The median household income for the surrounding county is $59,751 compared to the national median of $69,021. The median age of people living in Rutland Town is 48.7 years.
The average high temperature in July is 80.2 degrees, with an average low temperature in January of 7.1 degrees. The average rainfall is approximately 43 inches per year, with 77.8 inches of snow per year.
