Great opportunity for investors, A package of 60 rental units , Consists of 13 multifamily buildings, all in Rutland City in close proximity to each other, All units have certificate of occupancies, Great rental history, This property produces over $873k in gross rent, The net cap rate is over 14.5% , The net income is over $596k per year, Not including management fee or vacancy rates, The current owner have owned them for years and is retiring. Profits have proven to be consistent and growing every year, Constant upgrade repairs have been made to all systems I.e Heating, Water to optimize efficiency .
Listed by Miffy Liao of Watson Realty & Associates
- MLS #
- 5028938
- Ft2
- 2,500
- Lot Acres
- 10,890.00
- Tax
- $5,877
- Year Built
- 1900
- Heat
- Baseboard, Forced Air
- Roof
- Shingle - Asphalt
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