77 River
Rutland City, VT 05701
- – beds
- – baths
- 2,332 sqft
- 6,970 sqft lot
- $124 per sqft
- 1900 build
- – on site
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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.
Last checked:
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Last updated Nov 6, 2024
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MLS# 5014031 —
The Building
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Year Built:1900
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Pre-Construction:No
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Construction Status:Existing
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Construction Materials:Vinyl Exterior
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Architectural Style:Colonial
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Roof:Shingle - Asphalt
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Foundation:Brick, Stone
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Total Stories:2
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Total Units:4
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Approx SqFt Total:3498
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Approx SqFt Total Finished:2,332 Sqft
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Approx SqFt Finished Above Grade:2,332 Sqft
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Approx SqFt Finished Below Grade:0 Sqft
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Approx SqFt Unfinished Below Grade:1166
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Approx SqFt Unfinished Building Source:Appraiser
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Approx SqFt Finished Above Grade Source:Appraiser
Interior
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Basement:Yes
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Basement Description:Full
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Basement Access Type:Walkout
Location
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Latitude:43.602160000001000
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Longitude:-72.979624000000001
The Property
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Property Class:Multi-Family
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Seasonal:Unknown
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Lot SqFt:6,970 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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Lot Features:Other
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:$4,366
Beds
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Total 2 Bedroom Units:2
Baths
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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:124.79
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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:Unknown
Extra Units
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Unit 1 Bedrooms:2
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Unit 2 Bedrooms:1
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Unit 3 Bedrooms:2
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Unit 3 Baths:1
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Unit 4 Bedrooms:1
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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 |
|---|---|---|---|---|
|
11/4/24
Nov 4, 2024
|
Sold | PRIME_MLS | $291,000 | -1.4% |
|
9/16/24
Sep 16, 2024
|
Sold Subject To Contingencies | PRIME_MLS | $295,000 | |
|
9/12/24
Sep 12, 2024
|
Listed / Active | PRIME_MLS | $295,000 | 40.5% (28.8% / YR) |
