77 River StreetRutland City, VT 05701MLS Number 5014031

  • Price: $295,000
  • Est. Mortgage of $/month
  • 32 Days on Market
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Federal 30-year interest rate: 6.32% last updated on Oct 10, 2024
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Pending
77 River Street Rutland City VT 0570177 River Street Rutland City VT 0570177 River Street Rutland City VT 0570177 River Street Rutland City VT 0570177 River Street Rutland City VT 0570177 River Street Rutland City VT 0570177 River Street Rutland City VT 0570177 River Street Rutland City VT 0570177 River Street Rutland City VT 0570177 River Street Rutland City VT 0570177 River Street Rutland City VT 0570177 River Street Rutland City VT 0570177 River Street Rutland City VT 0570177 River Street Rutland City VT 0570177 River Street Rutland City VT 0570177 River Street Rutland City VT 05701
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  • 2,332Square Feet
  • 0.16Acreage
  • 1900Year Built
  • 24Tax Year
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.
Listed by Michael Gilman of 3GEN Real Estate Inc

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Tax Information

  • Tax Year24

Building

  • Year Built1900
  • Units4
  • Unit 1 Bath1
  • Unit 1 Bedrooms2
  • Unit 2 Bath1
  • Unit 2 Bedrooms1
  • Unit 3 Bath1
  • Unit 3 Bedrooms2
  • Unit 4 Bath1
  • # of 1 Bedrooms2
  • # of 2 Bedrooms2
  • BasementFull
  • FoundationBrick, Stone

Basic Information

  • StatusPEN
  • List Price$295,000
  • Date Price Change09/12/2024
  • MLS Number5014031
  • MLS StatusPending

Property

  • Acreage0.16
  • Parking Spaces
  • Square Feet2,332
  • APX Fin AG Sqft2,332
  • RoadsPaved

Amenities

  • PricePerSqFt126.5

Other

  • Taxes$4,366
  • Seasonal Y/NUnknown
  • Date Listed09/12/2024
  • View Count3

Location

  • TownRutland City
  • StateVT
  • Zip05701
  • CountyRutland
  • ZoningMR-1
  • Flood Zone Y/NNo

Exterior

  • RoofShingle - Asphalt

Utilities

  • Heat FuelOil
  • Heat SystemBaseboard
  • ElectricCircuit Breaker(s)
  • SewerPublic
  • UtilitiesCable
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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 October 13, 2024 7:53 PM EDT

 

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