- $1,130,000
- MLS#: 5030340
- 5
- # of Units
- 5,000
- Total Sq. Feet
- 2.00
- Acres
- $5,606
- Taxes
1 of 52
General Property Information
- Price:
- $1,130,000
- County:
- VT-Rutland
- Acres:
- 2.00
- Property Type:
- Multi-Family
- Property Status:
- Active
- # of Units:
- 5
- Agency/Brokerage:
- 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 10%! 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. Furniture negotiable. PLEASE DO NOT DISTURB TENANTS!
Features
- Property Type:
- Multi-Family
- # of Units:5
- Subdivision Name:
- Year Built:
- 1850
- Parking:
- Road Frontage:
- 0
- Acres:2.00
- Gross Income:
- 0
- Annual Expenses:
- 0
- # of Gas Meters:
- # of Electric Meters:
- 5
- Sq Ft (Above Ground):
- 5000
- Sq Ft (Below Ground):
- 0
- Total Sq Ft:
- 5000
- Land Description:Level,View
- Elementary School:
- Middle School:
- High School:
- Financing Details:
- Documents Available:
Unit Information
Unit 1
- #Rooms:
- 1
- #Bedrooms:
- 1
- #Baths:
- 1
- Sq. Ft.:
- 0
- Floor:
- Unit Style:
- Monthly Rent:
- 1600.00
Unit 2
- #Rooms:
- 2
- #Bedrooms:
- 1
- #Baths:
- 1
- Sq. Ft.:
- 0
- Floor:
- Unit Style:
- Monthly Rent:
- 1750.00
Unit 3
- #Rooms:
- 2
- #Bedrooms:
- 2
- #Baths:
- 1
- Sq. Ft.:
- 0
- Floor:
- Unit Style:
- Monthly Rent:
- 1950.00
Unit 4
- #Rooms:
- 5
- #Bedrooms:
- 4
- #Baths:
- 1
- Sq. Ft.:
- Floor:
- Unit Style:
- Monthly Rent:
- 2750.00
Unit 5
- #Rooms:
- 4
- #Bedrooms:
- 2
- #Baths:
- 1
- Sq. Ft.:
- Floor:
- Unit Style:
- Monthly Rent:
- 2500.00
Other Information
- List Date:
- 2025-02-26
- Last Updated:
- 2025-02-26 14:10:52
