REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed By Mike Kalil Watson Realty & Associates
$ 1,260,000
Est. payment /mo
Under Contract
260 Business route 4 ST Rutland Town, VT 05701
12,500 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Under Contract
Purchase Type For Sale
Square Footage 12,500 sqft
Price per Sqft $100
MLS Listing ID 5067282
Style Multi-Family
Construction Status Existing
Year Built 1987
Annual Tax Amount $11,647
Tax Year 2026
Lot Size 1.220 Acres
Acres 1.22
Property Description
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 .
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning Residential
Rooms
Basement Unfinished
Interior
Heating Baseboard
Cooling None
Exterior
Parking Features No
Utilities Available Cable, Telephone Available
Roof Type Asphalt Shingle
Building
Lot Description Country Setting, Landscaped
Story 2
Sewer Public
Water Public
Architectural Style Multi-Family
Construction Status Existing
