Ignite FB Tracking Pixel46 Summer Street, Rutland City, VT 05701 - Market My Property, LLC
Market My Property, LLC
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listing
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Listed by: Michael Gilman from 3gen Real Estate Inc, 802-227-7327
Multi-FamilyFor Sale
$425,000
46 Summer Street
Rutland City, VT 05701
MLS: Prime MLS
2,936Sq Ft
Est. Mortgage
$2,294/mo

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

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Information courtesy of 3gen Real Estate Inc is subject to verification and is not guaranteed.
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