High cash flow 4plex, updated and professionally managed, located in Rutland. Listed at close to a 10% cap and a Net Operating Income over $31K, with significant upside from undermarket rents. This combination of value-add and high cash flow is rare to find. Perfect for a high cash flow investment or live in one unit for free while covering mortgage + expenses and enjoying additional cash flow. One Unit has been left open for showings or immediate owner occupancy. The building has been professionally managed and renovated. The investment is projected to yield over a 13% year 1 cash on cash return based on current numbers, and cash returns can go to 23%+ per year if rents are brought to market. This allows the new owner to realize significant returns from cash flow vs speculation. 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. 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
ConstructionVinyl Exterior
CoolingNone
Heat SourceOil
HeatingBaseboard
SewerPublic
Tax Year24
Taxes Paid$4,366
WaterPublic
Basement DescriptionFull
FoundationBrick, Stone
Lot DescriptionOther
RoofShingle - Asphalt
GarageNo
Unit Features
Unit 1 Baths1
Unit 1 Bedrooms2
Unit 2 Baths1
Unit 2 Bedrooms1
Unit 3 Baths1
Unit 3 Bedrooms2
Unit 4 Baths1
Unit 4 Bedrooms1
Price History of 77 River Street, Rutland City, VT
Date
Name
Price
Difference
09/12/2024
Listing Price
$295,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
77 River Street (MLS #5014031) is a multi-family listing located in Rutland City, VT.
This multi-family listing is 2,332 sqft and on a lot of 6,970 sqft (or 0.16 acres) and is 124 years old. This property was listed on 09/12/2024 and has been priced for sale at $295,000.
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