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Monthly Estimate*
$ 7,758
Great investment opportunity, Well maintained property in Rutland town ( Center Rutland) this property consists of two buildings, Front building with 10 units and the back building is 4 units , Total of 14 units all one bedroom apartments, Sits on a large parcel over 1.20 +- Acres , Plenty of parking with a loop driveway Convenient for tenants, Vinyl siding and vinyl replacement windows, The pro forma Numbers on this property with 100% occupancy is As follows Gross revenues $197, 400 A year With expenses just around $60,000 per year, not including management , regular maintenance calls, Vacancy rateAnd debt service, Current CAP Rate Above 10.8% This property is offered with another 14 unit property in Castleton ($1,260,000) as 28 units package 11 units are occupied currently the other 3 are in transition . Two Heating boilers service the front building and one boiler Services the back building. His property is convenient to the city amenities .
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260 Business route 4 Street, Rutland Town, VT, 05701 is a Multi-Family Home for sale at $1,260,000 with 12,500 sqft and a lot size of 1.22. 260 Business route 4 Street is a studio with 0.0 baths and was built in 1987. The property's zip code is 05701 which is in Rutland Town, VT
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