Ski Country Real Estate - Killington VT
Rutland City
$525,000
11
Bdrms
0
Baths
4,600
Ft2
15,682.00
Lot Size
Immaculate 6plex located a desirable quaint residential Rutland neighborhood. This rarely vacant building has 5x2br and 1x1br, a net operating income north of $60K, and is being listed at a ~11.5% 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 close to 20% cash on cash return by year 2. One unit has been left open for showings or immediate owner occupancy, but the building has traditionally been 100% occupied. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 6plex 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.
Call Ski Country today For more information call one of our Agents today at Ski Country Real Estate at 1(800) 877-5111.
MLS #
5021984
Bedrooms
11
Ft2
4,600
Lot Acres
15,682.00
Tax
$7,592
Year Built
1969
Heat
Baseboard
Fuel
Oil
Roof
Shingle - Asphalt
MLS #: 5021984
129 Curtis
Rutland City, Vermont 05701
United States
Category: Multi-Family
Name Location Type Distance
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Ski Country Real Estate

(800) 877-5111
335 Killington Road
Killington, VT 05751
(802) 775-5111 (P)
(802) 773-4671 (F)
Info@SkiCountryRealEstate.com

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