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 a 10% 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 north of a 24% cash on cash return by year 2. 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 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.
Lot & Building Features
UtilitiesCable
ConstructionWood Frame
CoolingNone
Heat SourceOil
HeatingBaseboard
SewerPublic
Tax Year2024
Taxes Paid$6,636
WaterPublic
Basement DescriptionUnfinished
FoundationStone
Lot DescriptionCorner
RoofShingle - Asphalt
GarageNo
Unit Features
Unit 1 Baths1
Unit 1 Bedrooms2
Unit 1 Rental Amount1250.00
Unit 1 Rental Amt FreqMonthly
Unit 2 Baths1
Unit 2 Bedrooms2
Unit 2 Rental Amount1075.00
Unit 2 Rental Amt FreqMonthly
Unit 3 Baths1
Unit 3 Bedrooms1
Unit 3 Rental Amount1100.00
Unit 3 Rental Amt FreqMonthly
Unit 4 Baths1
Unit 4 Bedrooms2
Unit 4 Rental Amount1300.00
Unit 4 Rental Amt FreqMonthly
Price History of 60 Elm Street, Rutland City, VT
Date
Name
Price
Difference
10/02/2024
Listing Price
$365,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
60 Elm Street (MLS #5017046) is a multi-family listing located in Rutland City, VT.
This multi-family listing is 3,220 sqft and on a lot of 7,405 sqft (or 0.17 acres) and is 140 years old. This property was listed on 10/02/2024 and has been priced for sale at $365,000.
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.
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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 10/30/2024