Ski Country Real Estate - Killington VT
Rutland City
$239,900
5
Bdrms
5
Baths
3,195
Ft2
11,761.00
Lot Size
Multi-Family
Here is a great 5-unit multifamily in Rutland City that has been very well maintained over the years. All units have 1 bedroom with a kitchen, living room, and full bathroom. The property offers plenty of off-street parking, a detached garage, and is vinyl sided for easy maintenance. Conveniently located within walking distance to downtown. The property currently has a CAP rate of 8%, but this is using past rental income. Units 3, 4, and 5 are now vacant and rental amounts were well below market rate. If those three units were at market rate the projected new cap rate would be just over 13%. The two occupied units are also below market rent leaving even more room to increase the income potential. Unit 3 had a very long-term tenant and is in need of a total rehab, but once complete all units would be in great condition!
Call Ski Country today For more information call one of our Agents today at Ski Country Real Estate at 1(800) 877-5111.
Listed by Hughes Group Team of Casella Real Estate
MLS #
4934188
Bedrooms
5
Baths
5
Ft2
3,195
Lot Acres
11,761.00
Lot Type
City Lot
Tax
$5,677
Year Built
1900
Style
Multi-Family
Garage Size
1
Heat
Baseboard, Hot Water
Fuel
Oil
Siding
Vinyl Siding
Roof
Slate
MLS #: 4934188
Virtual Tour
40 Grant
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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