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Rutland City,VT 05701
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $952
MLS Listing ID 5028961
Construction Status Existing
Year Built 1841
Annual Tax Amount $2,265
Tax Year 2016
Lot Size 4,356 Sqft
Acres 0.1
Property Description
Great opportunity for investors, A package of 28 rental units , Consists of 12 multifamily buildings, all in Rutland City in close proximity to each other, All units have certificate of occupancies, Great rental history, This property produces over $503k in gross rent, The net cap rate is over 17.72% , The net income is over $337k per year, Not including management fee or vacancy rates, The current owner have owned them for years and is retiring. Profits have proven to be consistent and growing every year, Constant upgrade repairs have been made to all systems I.e Heating, Water to optimize efficiency.
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning residential
Rooms
Basement Entrance Interior
Basement Full
Interior
Cooling None
Exterior
Utilities Available Cable
Roof Type Slate
Building
Story 2
Foundation Brick,Stone
Sewer Public
Architectural Style Duplex
Construction Status Existing