 603-643-3942
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Price Change! reduced by $10,000 on October 17th 2024 $425,000 | $145 per sq.ft. | MLS# 5013866 A 5 Unit Multi Family Home, 46 Summer Street Rutland City VT With 3 - One Bedroom Units | 1 - Two Bedroom Units |
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| Description: Immaculate, renovated, 100% occupied, high cash-flow 5-unit multi-family, priced to sell at an "as is" at a 12% cap. The building has been professionally managed with no deferred maintenance and is in mint condition. A new owner can step into to this turnkey investment, projected to yield over a 17% cash on cash return starting year 1 based on current numbers. This allows a new owner to realize significant returns from cash-flow vs speculation. With a Net Operating Income of $50K, this fully occupied property has a diverse unit mix of studios, 1br and 2br apartments - allowing it to appeal to a broad range of residents, and the property is rarely vacant. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire real estate ahead of the historic multibillion dollar development occurring nearby at Killington, which, combined with rapidly falling rates, is already resulting in organic property appreciation and increased interest in the area from investors. Reach out directly for walkthrough videos. The property is available as a package with other buildings across VT for a buyer looking for a larger high cash flow turnkey multifamily portfolio. Listing Broker is a member of the LLC selling the property |
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Annual Expenses
Taxes: $4,808 |
Income |
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| FEATURES AND DETAILS |
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CONSTRUCTION: Wood Frame | Price Per SQ.FT. 144.75 | Year Built: 1884 |
LAND DESCRIPTION:
LOT DESCRIPTION: City Lot |
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ADDITIONAL INFORMATION
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SCHOOLS
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15 Buck Rd. Hanover, NH 03755 603-643-3942 Big Green Real Estate is not affiliated with nor officially sanctioned by Dartmouth College |
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Data last updated November 1st, 2024 |
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