Rutland Town Vermont Real Estate

Very unique opportunity to purchase a 3-unit multi-family property in Rutland Town! The property has just been subdivided from the larger, former Thomas Dairy property with a brand new well and septic system in place. Sited on 2.24 beautiful acres with a large two story barn on the property, this could be a wonderful property for an owner-occupant to live in one unit and generate income from the other two units. One 2-BR unit is currently vacant and has just been fully renovated. The other two units are occupied with stable, long-term tenants. A must-see multi-family opportunity in Rutland County!

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 .