Opportunity to purchase a high cash flow 6 unit turnkey building in the heart of Rutland at an impressive 11% cap (13% cap at proforma market rents). The building has been professionally managed, fully renovated, and a new owner can step into to this turnkey investment, projected to yield over a 20% cash on cash 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 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. 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.
Lot & Building Features
UtilitiesCable
ConstructionMasonry, Wood Frame
CoolingNone
Heat SourceOil
HeatingHot Water
SewerPublic
Tax Year23
Taxes Paid$7,213
WaterPublic
Basement DescriptionFull
FoundationConcrete, Stone
Lot DescriptionSidewalks
RoofShingle - Asphalt
GarageNo
Unit Features
Unit 1 Baths1
Unit 1 Bedrooms2
Unit 2 Baths1
Unit 2 Bedrooms0
Unit 3 Baths1
Unit 3 Bedrooms2
Unit 4 Baths1
Unit 4 Bedrooms1
Unit 5 Baths1
Unit 5 Bedrooms1
Unit 6 Baths1
Unit 6 Bedrooms1
Price History of 15 Woodstock Avenue
Date
Name
Price
Difference
08/14/2024
Listing Price
$460,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
15 Woodstock Avenue (MLS #5009711) is a multi-family listing located in Rutland City, VT.
This multi-family listing is 3,869 sqft and on a lot of 7,841 sqft (or 0.18 acres) with 7 bedrooms, 6 baths and is 124 years old. This property was listed on 08/14/2024 and has been priced for sale at $460,000.
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 11/09/2024