- $1,260,000
- MLS#: 5067282
- 14
- # of Units
- 12,500
- Total Sq. Feet
- 1.22
- Acres
- $11,647
- Taxes
1 of 17
General Property Information
- Price:
- $1,260,000
- County:
- VT-Rutland
- Acres:
- 1.22
- Property Type:
- Multi-Family
- Property Status:
- Active
- # of Units:
- 14
- Agency/Brokerage:
- Mike Kalil
Watson Realty & Associates
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 .
Features
- Property Type:
- Multi-Family
- # of Units:14
- Subdivision Name:
- Year Built:
- 1987
- Parking:
- Road Frontage:
- 106
- Acres:1.22
- Gross Income:
- 197,400
- Annual Expenses:
- 0
- # of Gas Meters:
- # of Electric Meters:
- 0
- Sq Ft (Above Ground):
- 12500
- Sq Ft (Below Ground):
- 0
- Total Sq Ft:
- 12500
- Land Description:Country Setting,Landscaped
- Elementary School:
- Middle School:
- High School:
- Financing Details:
- Documents Available:
Unit Information
Unit 1
- #Rooms:
- 0
- #Bedrooms:
- #Baths:
- Sq. Ft.:
- 0
- Floor:
- Unit Style:
- Monthly Rent:
- 0.00
Unit 2
- #Rooms:
- #Bedrooms:
- 0
- #Baths:
- Sq. Ft.:
- 0
- Floor:
- Unit Style:
- Monthly Rent:
- 0.00
Unit 3
- #Rooms:
- #Bedrooms:
- #Baths:
- Sq. Ft.:
- 0
- Floor:
- Unit Style:
- Monthly Rent:
- 0.00
Unit 4
- #Rooms:
- #Bedrooms:
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- Sq. Ft.:
- Floor:
- Unit Style:
- Monthly Rent:
- 0.00
Unit 5
- #Rooms:
- #Bedrooms:
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- Sq. Ft.:
- Floor:
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- Monthly Rent:
- 0.00
Unit 6
- #Rooms:
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- Floor:
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- Monthly Rent:
- 0.00
Unit 7
- #Rooms:
- #Bedrooms:
- #Baths:
- Sq. Ft.:
- 0
- Floor:
- Unit Style:
- Monthly Rent:
- 0.00
Unit 8
- #Rooms:
- 0
- #Bedrooms:
- 0
- #Baths:
- Sq. Ft.:
- 0
- Floor:
- Unit Style:
- Monthly Rent:
- 0.00
Other Information
- List Date:
- 2025-10-25
- Last Updated:
