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603-643-3942
5 Old Nugget Alley
Hanover, NH 03755

$525,000

MLS# 5021984
4600 sq.ft. Bedroom | 0 Bathroom
Multi Family
129 Curtis Avenue Rutland City VT 		 
$525,000 | $114 per sq.ft. | MLS# 5021984 A 6  Unit Multi Family Home, 129 Curtis Avenue Rutland City VT With 1 - One Bedroom Units | 5 - Two Bedroom Units

Description:
Immaculate 6plex located a desirable quaint residential Rutland neighborhood. This rarely vacant building has 5x2br and 1x1br, a net operating income north of $60K, and is being listed at a ~11.5% cap rate based on current numbers. Units has been renovated and building has undergone weatherization resulting in lower-than-average annual heating bills. 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 to realize significant returns from cash-flow vs speculation. Rents can be brought to market to achieve close to 20% cash on cash return by year 2. One unit has been left open for showings or immediate owner occupancy, but the building has traditionally been 100% occupied. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 6plex 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. 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.

Annual Expenses
Taxes: $7,592 		    Income
UNIT 1 INFORMATION

Beds: 1
Baths: 1
Rooms: 0
UNIT 2 INFORMATION

Beds: 2
Baths: 1
Rooms: 0
UNIT 3 INFORMATION

Beds: 2
Baths: 1
UNIT 4 INFORMATION

Beds: 2
Baths: 1
UNIT 5 INFORMATION

Beds: 2
Baths: 1
Rooms: 0
UNIT 6 INFORMATION

Beds: 2
Baths: 1

FEATURES AND DETAILS

CONSTRUCTION: Masonry | Wood Frame | Vinyl Siding | Price Per SQ.FT. 114.13 | Year Built: 1969
 LAND DESCRIPTION: LOT DESCRIPTION: Sidewalks
Livable Space: 4600
Above Grade Sq.Ft.: 4600
Below Grade Sq.Ft.: 0
Foundation: Concrete
Heating: Oil | Baseboard
Cooling: None
Electric: 100 Amp
Style: Multi-Family
Roof: Shingle - Asphalt
Water: Public
Sewer: Public
Lot size: 0.36 acres
Zoned: MR-1
Surveyed: Unk
Flood Zone: No
Seasonal: Unk
Roads: Paved
Road Frontage: 100
Driveway: Paved
ADDITIONAL INFORMATION
Taxes $7,592  | Assesed Value $0 in
SCHOOLS
  • 22443365
  • 22443368
  • 22443360
  • 22443371
  • 22443214
  • 22443215
  • 22443217
  • 22443265
  • 22443267
  • 22443218
  • 22443260
  • 22443264
  • 22443221
  • 22443266
  • 22443223
  • 22443222
  • 22443225
  • 22443261
  • 22443230
  • 22443377
  • 22443372
  • 22443374
  • 22443375
15 Buck Rd. Hanover, NH 03755 603-643-3942

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