$425,000 $145 per sq.ft. Rutland City VT »

Price Change! Reduced by $10,000 down 2% on October 17th 2024
Number of Units 5   Total Sq. Ft. 2936  |  Acres: 0.17
List Date Wednesday Sep 11, 2024
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 See MLS Property & Listing Details & 17 images.