Multi-Family for Sale: 46 Summer Street, Rutland City, VT 05701

5 beds
5 full baths
2,936 sqft
$425,000
$425,000
46 Summer Street, Rutland City, VT 05701
5 beds
5 full baths
2,936 sqft
$425,000
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Price:
$425,000
$10,000 - 10/17/2024

Type Multi-Family
Style Colonial
Beds 5
Total Baths 5 full baths
Square Feet 2,936 sqft
Lot Size 0.17 acres
Year Built 1884
Taxes Paid $4,807

City Rutland City
County Rutland

MLS 5013866
Status Pending
DOM 56 days
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

Lot & Building Features

Utilities Cable
Construction Wood Frame
Cooling None
Heating Baseboard
Sewer Public
Tax Year 24
Taxes Paid $4,807
Water Public
Basement Description Unfinished
Foundation Stone
Lot Description City Lot
Roof Shingle - Asphalt
Garage No

Unit Features

Unit 1 Baths 1
Unit 1 Bedrooms 1
Unit 2 Baths 1
Unit 2 Bedrooms 0
Unit 3 Baths 1
Unit 3 Bedrooms 1
Unit 4 Baths 1
Unit 4 Bedrooms 2
Unit 5 Baths 1
Unit 5 Bedrooms 1

Price History of 46 Summer Street, Rutland City, VT

Date Name Price Difference
10/17/2024 Price Adjustment $425,000 2.30%
09/11/2024 Listing Price $435,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Comparable Properties Sold Near By

Low
$322,500
$103 / sqft
Average
$322,500
$103 / sqft
High
$322,500
$103 / sqft

Address City Zip Beds Baths Price Sq. Ft. $/SQFT Sold Date
This Listing Rutland City 05701 5 5.0 $425,000 2,936 $145 N/A
25 North Street Rutland City 05701 6 4.0 $322,500 3,120 $103 07/22/2024

Map of 46 Summer Street, Rutland City, VT

Location Map Street View
Photo of Janet Gillis
Janet Gillis
REALTOR®
Direct: 339-933-0932
Office
Marshfield, MA
339-933-0932
Listed by 3GEN Real Estate Inc, Michael Gilman
$
20%
1.1312847058824%
6.75%
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Monthly Taxes
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Monthly Home Ins.
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46 Summer Street (MLS #5013866) is a multi-family listing located in Rutland City, VT. This multi-family listing is 2,936 sqft and on a lot of 7,405 sqft (or 0.17 acres) with 5 bedrooms, 5 baths and is 140 years old. This property was listed on 09/11/2024 and has been priced for sale at $425,000.

The 6 bedroom multi-family listing at 25 North Street in Rutland City is nearby and sold for $322,500 on 07/22/2024.

Nearby zip codes are 05737, 05759, 05763, 05765 and 05777. This property neighbors other cities such as Clarendon, Mendon, Proctor, Rutland Town and West Rutland.

PrimeMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: 3GEN Real Estate Inc

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 12/22/2024