logo

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

$345,000

MLS# 5022485
2968 sq.ft. Bedroom | 0 Bathroom
Multi Family
16 E Washington Street Rutland City VT 		 
$345,000 | $116 per sq.ft. | MLS# 5022485 A 4  Unit Multi Family Home, 16 E Washington Street Rutland City VT With 1 - One Bedroom Units | 3 - Two Bedroom Units

Description:
Immaculate 4plex located a desirable quaint residential Rutland neighborhood. This 100% occupied building has 3x2br and 1x1br, a net operating income north of $36K, and is being listed at north of a 10.5% cap rate based on current numbers. Units and exteriors have been renovated in the last year. A new owner can step into to this turnkey investment, projected to yield over a 13% cash on cash return (75% financing assumed but some banks will go north of 90%) starting year 1 based on current numbers to realize significant returns from cash-flow vs speculation. Rents can be brought to market to achieve closer to a 20% cash on cash return. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 4plex ahead of the historic multibillion dollar development occurring nearby at Killington, which, combined with Fed easing, 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: $7,164 		    Income
UNIT 1 INFORMATION

Beds: 2
Baths: 1
Rooms: 4
Sq.Ft.: 852
UNIT 2 INFORMATION

Beds: 2
Baths: 1
Rooms: 4
Sq.Ft.: 676
UNIT 3 INFORMATION

Beds: 1
Baths: 1
Rooms: 3
Sq.Ft.: 765
UNIT 4 INFORMATION

Beds: 2
Baths: 1
Rooms: 4
Sq.Ft.: 676

FEATURES AND DETAILS

CONSTRUCTION: Wood Frame | Price Per SQ.FT. 116.24 | Year Built: 1900
 LAND DESCRIPTION: LOT DESCRIPTION: Other
Livable Space: 2968
Above Grade Sq.Ft.: 2968
Below Grade Sq.Ft.: 0
Foundation: Brick | Stone
Heating: Oil | Baseboard
Cooling: None
Electric: Circuit Breaker(s)
Style: Colonial
Roof: Shingle - Asphalt
Water: Public
Sewer: Public
Lot size: 0.22 acres
Zoned: MSP
Surveyed: Unk
Flood Zone: No
Seasonal: Unk
Roads: Paved
Road Frontage: 75
Driveway: Gravel
ADDITIONAL INFORMATION
Taxes $7,164  | Assesed Value $0 in
SCHOOLS
  • 22449273
  • 22449270
  • 22449272
  • 22449271
  • 22449274
  • 22186567
  • 22186568
  • 22186569
  • 22186570
  • 22186571
  • 22186575
  • 22186576
  • 22186580
  • 22186577
  • 22186579
  • 22186572
  • 22186578
15 Buck Rd. Hanover, NH 03755 603-643-3942

Big Green Real Estate is not affiliated with nor officially sanctioned by Dartmouth College
Prime MLS Logo Copyright © 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated November 25th, 2024

nharlogo PLEASE NOTE: Both New Hampshire and Vermont law require brokers and agents to disclose at the “time of first business meeting, prior to any discussion of confidential information”, in New Hampshire’s case, and “first reasonable opportunity”, in Vermont’s case, the nature of the relationships brokers have or may have with customers and clients. Each state requires that a disclosure form be presented to consumers for their review and acknowledgment at the appropriate time. These forms can be accessed at the following websites and you are encouraged to read these documents. Big Green Real Estate chooses as a business model to represent both buyers and sellers; please do not assume, without any contractual agreement otherwise, that Big Green Real Estate at this time represents your interests as an agent.
VT: VERMONT REAL ESTATE COMMISSION MANDATORY CONSUMER DISCLOSURE FORM
https://www.sec.state.vt.us/media/711742/Mandatory-Consumer-Disclosure-for-a-Non-Designated-Agency-Brokerage-Firm-9-24-2015.pd
NH: NEW HAMPSHIRE REAL ESTATE COMMISSION BROKERAGE RELATIONSHIP DISCLOSURE FORM
http://www.nh.gov/nhrec/Brokerage%20Relationship%20Disclosure%20Form%207-19-11.pdf