Immaculate 6plex located a desirable quaint residential Rutland neighborhood. This rarely vacant building has 5x2br and 1x1br, a net operating income north of $60K, and is being listed at a ~11.5% cap rate based on current numbers. Units has been renovated and building has undergone weatherization resulting in lower-than-average annual heating bills. 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 to realize significant returns from cash-flow vs speculation. Rents can be brought to market to achieve close to 20% cash on cash return by year 2. One unit has been left open for showings or immediate owner occupancy, but the building has traditionally been 100% occupied. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 6plex 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.
Lot & Building Features
UtilitiesCable
ConstructionMasonry, Wood Frame, Vinyl Siding
CoolingNone
HeatingBaseboard
SewerPublic
Tax Year2023
Taxes Paid$7,591
WaterPublic
FoundationConcrete
Lot DescriptionSidewalks
RoofShingle - Asphalt
GarageNo
Unit Features
Unit 1 Baths1
Unit 1 Bedrooms1
Unit 2 Baths1
Unit 2 Bedrooms2
Unit 3 Baths1
Unit 3 Bedrooms2
Unit 4 Baths1
Unit 4 Bedrooms2
Unit 5 Baths1
Unit 5 Bedrooms2
Unit 6 Baths1
Unit 6 Bedrooms2
Price History of 129 Curtis Avenue
Date
Name
Price
Difference
11/13/2024
Listing Price
$525,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
129 Curtis Avenue (MLS #5021984) is a multi-family listing located in Rutland City, VT.
This multi-family listing is 4,600 sqft and on a lot of 15,682 sqft (or 0.36 acres) and is 55 years old. This property was listed on 11/13/2024 and has been priced for sale at $525,000.
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.
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Listing information courtesy of: 3GEN Real Estate Inc
Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers. personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/22/2024