46 Summer
Rutland City, VT 05701
- – beds
- – baths
- 2,936 sqft
- 7,405 sqft lot
- $144 per sqft
- 1884 build
- – on site
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
Last checked:
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Last updated Oct 17, 2024
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MLS# 5013866 —
The Building
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Year Built:1884
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Pre-Construction:No
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Construction Status:Existing
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Construction Materials:Wood Frame
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Architectural Style:Colonial
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Roof:Shingle - Asphalt
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Foundation:Stone
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Total Stories:2
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Total Units:5
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Approx SqFt Total:4438
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Approx SqFt Total Finished:2,936 Sqft
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Approx SqFt Finished Above Grade:2,936 Sqft
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Approx SqFt Finished Below Grade:0 Sqft
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Approx SqFt Unfinished Below Grade:1502
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Approx SqFt Unfinished Building Source:Estimated
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Approx SqFt Finished Above Grade Source:Appraiser
Interior
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Basement:Yes
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Basement Description:Unfinished
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Basement Access Type:Interior
Location
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Latitude:43.610712000001001
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Longitude:-72.982114999999993
The Property
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Property Class:Multi-Family
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Seasonal:Unknown
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Lot SqFt:7,405 Sqft
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Lot Acres:0 Sqft
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Zoning:MR-1
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Driveway:Gravel
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Roads:Paved
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Road Frontage:Yes
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Road Frontage Length:70 Sqft
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Lot Features:City Lot
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Year:24
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Taxes TBD:No
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Tax - Gross Amount:$4,807.96
Beds
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Total 2 Bedroom Units:1
Baths
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Total Full Baths:5
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Unit 1 Baths:1
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Unit 2 Baths:1
The Listing
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Price Per SqFt:144.75
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Foreclosed/Bank-Owned/REO:No
Heating & Cooling
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Heating:Baseboard
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Heat Fuel:Oil
Utilities
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Utilities:Cable
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Sewer:Public
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Electric:Circuit Breaker(s)
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Water Source:Public
The Community
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Covenants:No
Extra Units
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Unit 1 Bedrooms:1
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Unit 3 Bedrooms:1
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Unit 3 Baths:1
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Unit 4 Bedrooms:2
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Unit 4 Baths:1
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Unit 5 Bedrooms:1
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Unit 5 Baths:1
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 |
|---|---|---|---|---|
|
10/17/24
Oct 17, 2024
|
Price Changed | PRIME_MLS | $425,000 | -2.3% |
|
9/11/24
Sep 11, 2024
|
Listed / Active | PRIME_MLS | $435,000 | 123.1% (56.9% / YR) |
|
7/14/22
Jul 14, 2022
|
PRIME_MLS | $195,000 | -11.4% |
