260 Business Route 4, Rutland, VT

Name: 260 Business Route 4, Other in Rutland - Zoocasa
Brand: Watson Realty & Associates
SKU: 5067282
Price: 1260000 USD

House

Other

Listed price in listed location currency (USD).

$1,260,000

000

MLS® 5067282

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size 12500 sqft

Garage

Taxes $11,647

Days Active 303

Lot Size 1.22 Acres

Approx. Age 1987

Avg. Price Per Sqft $100

MLS® Number 5067282

Property Address: 260 Business Route 4, Rutland, VT, 05701-2649

Average square foot calculated using Size range provided by listing agent.

Description

Great investment opportunity, Well maintained property in Rutland town ( Center Rutland) this property consists of two buildings, Front building with 10 units and the back building is 4 units , Total of 14 units all one bedroom apartments, Sits on a large parcel over 1.20 +- Acres , Plenty of parking with a loop driveway Convenient for tenants, Vinyl siding and vinyl replacement windows, The pro forma Numbers on this property with 100% occupancy is As follows Gross revenues $197, 400 A year With expenses just around $60, 000 per year, not including management , regular maintenance calls, Vacancy rateAnd debt service, Current CAP Rate Above 10.8% This property is offered with another 14 unit property in Castleton ($1, 260, 000) as 28 units package 11 units are occupied currently the other 3 are in transition . Two Heating boilers service the front building and one boiler Services the back building. His property is convenient to the city amenities .

MLS® Number5067282

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1987

BasementUnfinished

Driveway

Garage Spaces

HeatBaseboard

A/CNone

Extras

Map

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