Ski Country Real Estate - Killington VT
Rutland City
$325,000
8
Bdrms
0
Baths
4,032
Ft2
3,049.00
Lot Size
Well maintained oversized 4plex located a desirable quaint residential Rutland neighborhood. This 100% occupied building has 1x3br 2x2br and 1x1br, a net operating income north of $34, 000 and is being listed at north of a 10.5% cap rate based on current numbers. High rental demand and property has a waitlist. A new owner can step into to this turnkey investment, projected to yield over a 14% cash on cash return (75% financing assumed but some banks will go north of 90%) starting year 1 based on current numbers to realize significant returns from cash-flow vs speculation. There is significant value-ad as rents can be brought to market to achieve closer to a 20% cash on cash return. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 4plex ahead of the historic multibillion dollar development occurring nearby at Killington, 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 #
5027605
Bedrooms
8
Ft2
4,032
Lot Acres
3,049.00
Tax
$7,706
Year Built
1900
Heat
Oil
Roof
Shingle - Asphalt
MLS #: 5027605
48 Forest
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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