Rutland City, VT 05701,33 Woodstock AVE
Rutland City, VT 05701,33 Woodstock AVE
Rutland City, VT 05701,33 Woodstock AVE
Rutland City, VT 05701,33 Woodstock AVE
Rutland City, VT 05701,33 Woodstock AVE
Rutland City, VT 05701,33 Woodstock AVE
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Listed by Michael Gilman • 3GEN Real Estate Inc
Bought with Hughes Group Team • Casella Real Estate

$445,000

$445,000

Est.Price: ?

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Est. payment /mo

5,140 SqFt


SOLD DATE : 10/11/2024

Key Details

Sold Price $445,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 5,140 sqft

Price per Sqft $86

MLS Listing ID 5005476

Sold Date 10/11/24

Construction Status Existing

Year Built 1920

Annual Tax Amount $5,756

Lot Size 0.450 Acres

Acres 0.45

Property Description

Opportunity to purchase a high cash flow 6-unit turnkey building in the heart of Rutland at an impressive 12% cap. The building has been professionally managed, fully renovated, and a new owner can step into to this turnkey investment, projected to yield over a 19% cash on cash annual average return during the hold period based on current numbers, with significant upside at sale. With a gross potential income upwards of $80K, 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. Situated on a serene street with ample parking and outdoor space for residents to enjoy, the property rents quick when there is a rare vacancy. The building has undergone weatherization and energy efficiency work resulting in lower heating season bills than your average multifamily. 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 is already resulting in organic property appreciation and increased interest in the area from investors. Please download the OM for more information about this property. The property is also 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.

Location

State VT

County Vt-rutland

Area Vt-Rutland

Rooms

Basement Entrance Interior

Basement Crawl Space

Interior

Heating Gas - LP/Bottle, Oil

Cooling None

Exterior

Utilities Available Cable

Roof Type Shingle - Asphalt

Building

Story 2.5

Foundation Brick, Concrete

Sewer Public

Construction Status Existing

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