- $499,000
- MLS#: 5036788
- 5
- # of Units
- 6,390
- Total Sq. Feet
- 0.64
- Acres
- $6,125
- Taxes
1 of 38
General Property Information
- Price:
- $499,000
- County:
- VT-Rutland
- Acres:
- 0.64
- Property Type:
- Multi-Family
- Property Status:
- Active
- # of Units:
- 5
- Agency/Brokerage:
- Hughes Group Team
Casella Real Estate
Don’t miss this prime investment opportunity! This well-maintained 5-unit multifamily property offers an impressive 9.8% cap rate and features a desirable unit mix of three 2-bedroom apartments and two spacious 3-bedroom apartments, ensuring strong rental demand. Situated in a convenient location within walking distance to downtown shops and restaurants, the property appeals to both long-term tenants and short-term renters alike. Tenants enjoy plenty of off-street parking, shared coin-operated laundry facilities, and indoor storage units—key amenities that enhance both functionality and value. Currently, utilities are included in the rent for all units except Unit 5, which pays for their own electricity. Units 5 and 6 are already configured to allow tenants to pay their own heat and electric, offering future potential to reduce operating costs and increase net income. Whether you're a seasoned investor or just entering the multifamily space, this is a rare chance to own a high-yielding property in a desirable area. Schedule your private showing today!
Features
- Property Type:
- Multi-Family
- # of Units:5
- Subdivision Name:
- Year Built:
- 1910
- Parking:
- Road Frontage:
- 100
- Acres:0.64
- Gross Income:
- 75,600
- Annual Expenses:
- 0
- # of Gas Meters:
- # of Electric Meters:
- 0
- Sq Ft (Above Ground):
- 6390
- Sq Ft (Below Ground):
- 0
- Total Sq Ft:
- 6390
- Land Description:City Lot,Level
- Elementary School:
- Middle School:
- High School:
- Financing Details:
- Documents Available:
Unit Information
Unit 1
- #Rooms:
- 4
- #Bedrooms:
- 2
- #Baths:
- 1
- Sq. Ft.:
- 0
- Floor:
- 1
- Unit Style:
- Monthly Rent:
- 1125.00
Unit 2
- #Rooms:
- 5
- #Bedrooms:
- 3
- #Baths:
- 1
- Sq. Ft.:
- 0
- Floor:
- 2
- Unit Style:
- Monthly Rent:
- 1350.00
Unit 3
- #Rooms:
- 4
- #Bedrooms:
- 4
- #Baths:
- 1
- Sq. Ft.:
- 0
- Floor:
- 2
- Unit Style:
- Monthly Rent:
- 1150.00
Unit 4
- #Rooms:
- 4
- #Bedrooms:
- 2
- #Baths:
- 2
- Sq. Ft.:
- Floor:
- 1 and 2
- Unit Style:
- Monthly Rent:
- 1700.00
Unit 5
- #Rooms:
- 5
- #Bedrooms:
- 3
- #Baths:
- 1
- Sq. Ft.:
- Floor:
- 1 & 2
- Unit Style:
- Monthly Rent:
- 975.00
Other Information
- List Date:
- 2025-04-17
- Last Updated:
