33 Woodstock
Rutland City, VT 05701
- – beds
- – baths
- 5,140 sqft
- ~1/2 acre lot
- $86 per sqft
- 1920 build
- – on site
More homes
Opportunity to purchase a high cash flow 6-unit turnkey building in the heart of Rutland at an impressive 12% cap. The building has been professionally managed, fully renovated, and a new owner can step into to this turnkey investment, projected to yield over a 19% cash on cash annual average return during the hold period based on current numbers, with significant upside at sale. With a gross potential income upwards of $80K, 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. Situated on a serene street with ample parking and outdoor space for residents to enjoy, the property rents quick when there is a rare vacancy. The building has undergone weatherization and energy efficiency work resulting in lower heating season bills than your average multifamily. 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 is already resulting in organic property appreciation and increased interest in the area from investors. Please download the OM for more information about this property. The property is also 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.
Listing courtesy of PRIME_MLS / Michael Gilman / 3GEN Real Estate Inc, Casella Real Estate
Last checked:
Checking…
•
Last updated Oct 15, 2024
•
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
MLS# 5005476 —
The Building
-
Year Built:1920
-
Pre-Construction:No
-
Construction Status:Existing
-
Construction Materials:Wood Frame
-
Architectural Style:Multi-Family
-
Roof:Shingle - Asphalt
-
Foundation:Brick, Concrete
-
Total Stories:2.5
-
Total Units:6
-
Approx SqFt Total:5140
-
Approx SqFt Total Finished:5,140 Sqft
-
Approx SqFt Finished Above Grade:5,140 Sqft
-
Approx SqFt Finished Below Grade:0 Sqft
-
Approx SqFt Finished Above Grade Source:Appraiser
Interior
-
Basement:Yes
-
Basement Description:Crawl Space
-
Basement Access Type:Interior
Location
-
Latitude:43.611586000001004
-
Longitude:-72.969588999999999
The Property
-
Property Class:Multi-Family
-
Seasonal:Unknown
-
Lot SqFt:19,602 Sqft
-
Lot Acres:0 Sqft
-
Zoning:n/a
-
Driveway:Paved
-
Roads:Paved, Public
-
Road Frontage:Yes
-
Road Frontage Length:100 Sqft
-
Lot Features:City Lot
Listing Agent
- Contact info:
- No listing contact info available
Taxes
-
Tax Year:23/24
-
Taxes TBD:Unknown
-
Tax - Gross Amount:$5,756
Beds
-
Total 2 Bedroom Units:1
The Listing
-
Price Per SqFt:86.58
-
Foreclosed/Bank-Owned/REO:No
Heating & Cooling
-
Heating:Baseboard, Forced Air
-
Heat Fuel:Gas - LP/Bottle, Oil
Utilities
-
Utilities:Cable
-
Sewer:Public
-
Electric:Circuit Breaker(s)
-
Water Source:Public
The Community
-
Covenants:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
10/11/24
Oct 11, 2024
|
Sold | PRIME_MLS | $445,000 | |
7/23/24
Jul 23, 2024
|
Sold Subject To Contingencies | PRIME_MLS | $445,000 | |
7/17/24
Jul 17, 2024
|
Listed / Active | PRIME_MLS | $445,000 |