60 Elm
Rutland City, VT 05701
- – beds
- – baths
- 3,220 sqft
- 7,405 sqft lot
- $102 per sqft
- 1884 build
- – on site
More homes
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.
Last checked:
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listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.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.
Checking…
•
Last updated Dec 10, 2024
•
MLS# 5017046 —
The Building
-
Year Built:1884
-
Pre-Construction:No
-
Construction Status:Existing
-
Construction Materials:Wood Frame
-
Architectural Style:Colonial
-
Roof:Shingle - Asphalt
-
Foundation:Stone
-
Total Stories:2
-
Total Units:4
-
Approx SqFt Total:4324
-
Approx SqFt Total Finished:3,220 Sqft
-
Approx SqFt Finished Above Grade:3,220 Sqft
-
Approx SqFt Finished Below Grade:0 Sqft
-
Approx SqFt Unfinished Below Grade:1104
-
Approx SqFt Unfinished Building Source:Other
-
Approx SqFt Finished Above Grade Source:Other
-
Road Frontage Type:Paved
Interior
-
Basement:Yes
-
Basement Description:Unfinished
-
Basement Access Type:Walk-up
Location
-
Latitude:43.612212000001001
-
Longitude:-72.977435999999997
The Property
-
Property Class:Multi-Family
-
Seasonal:No
-
Lot SqFt:7,405 Sqft
-
Lot Acres:0 Sqft
-
Zoning:Residential
-
Driveway:Paved
-
Road Frontage:Yes
-
Road Frontage Length:150 Sqft
-
Lot Features:Corner
Listing Agent
- Contact info:
- No listing contact info available
Taxes
-
Tax Year:2024
-
Taxes TBD:No
-
Tax - Gross Amount:$6,636
Beds
-
Total 2 Bedroom Units:3
Baths
-
Unit 1 Baths:1
-
Unit 2 Baths:1
The Listing
-
Price Per SqFt:102.48
-
Foreclosed/Bank-Owned/REO:No
Heating & Cooling
-
Heating:Oil, Baseboard
Utilities
-
Utilities:Cable
-
Sewer:Public
-
Electric:Circuit Breaker(s)
-
Water Source:Public
The Community
-
Covenants:No
Extra Units
-
Unit 1 Bedrooms:2
-
Unit 2 Bedrooms:2
-
Unit 3 Bedrooms:1
-
Unit 3 Baths:1
-
Unit 4 Bedrooms:2
-
Unit 4 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 |
|---|---|---|---|---|
|
12/5/24
Dec 5, 2024
|
Sold | PRIME_MLS | $330,000 | -9.6% |
|
10/14/24
Oct 14, 2024
|
Sold Subject To Contingencies | PRIME_MLS | $365,000 | |
|
10/2/24
Oct 2, 2024
|
Listed / Active | PRIME_MLS | $365,000 |
