Rutland City, VT 05701,77 River ST
Rutland City, VT 05701,77 River ST
Rutland City, VT 05701,77 River ST
Rutland City, VT 05701,77 River ST
Rutland City, VT 05701,77 River ST
Rutland City, VT 05701,77 River ST
See all 16 photos
Listed by Michael Gilman • 3GEN Real Estate Inc
Bought with Lori Hurley • Four Corner Properties LLC

$291,000

$295,000

1.4%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

6 Beds

4 Baths

2,332 SqFt


SOLD DATE : 11/04/2024

Key Details

Sold Price $291,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,332 sqft

Price per Sqft $124

MLS Listing ID 5014031

Sold Date 11/04/24

Bedrooms 6

Full Baths 4

Construction Status Existing

Year Built 1900

Annual Tax Amount $4,366

Tax Year 24

Lot Size 6,969 Sqft

Acres 0.16

Property Description

High cash flow 4plex, updated and professionally managed, located in Rutland. Listed at close to a 10% cap and a Net Operating Income over $31K, with significant upside from undermarket rents. This combination of value-add and high cash flow is rare to find. Perfect for a high cash flow investment or live in one unit for free while covering mortgage + expenses and enjoying additional cash flow. One Unit has been left open for showings or immediate owner occupancy. The building has been professionally managed and renovated. The investment is projected to yield over a 13% year 1 cash on cash return based on current numbers, and cash returns can go to 23%+ per year if rents are brought to market. This allows the new owner to realize significant returns from cash flow vs speculation. 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. 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.

Location

State VT

County Vt-rutland

Area Vt-Rutland

Zoning MR-1

Rooms

Basement Entrance Walkout

Basement Full

Interior

Heating Oil

Cooling None

Exterior

Utilities Available Cable

Roof Type Shingle - Asphalt

Building

Story 2

Foundation Brick, Stone

Sewer Public

Construction Status Existing

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


PrimeMLS
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(603) 941-4944

peter.pandora@yahoo.com

Brownfield, ME, 04010, United States

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.