46 Summer Street Rutland City, VT
$425,000
Beds 5
Baths 5
Square Footage 2,936
Acres 0.17
Description
Immaculate, renovated, 100% occupied, high cash-flow 5-unit multi-family, priced to sell at an “as is” at a 12% cap. The building has been professionally managed with no deferred maintenance and is in mint condition. 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. This allows a new owner to realize significant returns from cash-flow vs speculation. With a Net Operating Income of $50K, this fully occupied property has a diverse unit mix of studios, 1br and 2br apartments - allowing it to appeal to a broad range of residents, and the property is rarely vacant. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire real estate 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. Reach out directly for walkthrough videos. 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
Listed by 3GEN Real Estate Inc, Michael Gilman
Details
MLS 5013866
Price $425,000
Status Pending
DOM 94 days
Type Multi-Family
Style Colonial
Beds 5
Total Baths 5 full baths
Square Feet 2,936 sqft
Lot Size 0.17 acres
Year Built 1884
Taxes Paid $4,807
Lot & Building Features
Utilities Cable
Construction Wood Frame
Cooling None
Heating Baseboard
Sewer Public
Tax Year 24
Taxes Paid $4,807
Water Public
Basement Description Unfinished
Foundation Stone
Lot Description City Lot
Roof Shingle - Asphalt
Garage No
Unit Features
Unit 1 Baths 1
Unit 1 Bedrooms 1
Unit 2 Baths 1
Unit 2 Bedrooms 0
Unit 3 Baths 1
Unit 3 Bedrooms 1
Unit 4 Baths 1
Unit 4 Bedrooms 2
Unit 5 Baths 1
Unit 5 Bedrooms 1
Map
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Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.