Multi-Family for Sale: 15 Woodstock Avenue, Rutland City, VT 05701

7 beds
6 full baths
3,869 sqft
$460,000
$460,000
15 Woodstock Avenue, Rutland City, VT 05701
7 beds
6 full baths
3,869 sqft
$460,000
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Price:
$460,000

Type Multi-Family
Style Multi-Family
Beds 7
Total Baths 6 full baths
Square Feet 3,869 sqft
Lot Size 0.18 acres
Year Built 1900
Taxes Paid $7,213

City Rutland City
County Rutland

MLS 5009711
Status Pending
DOM 39 days
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

Utilities Cable
Construction Masonry, Wood Frame
Cooling None
Heat Source Oil
Heating Hot Water
Sewer Public
Tax Year 23
Taxes Paid $7,213
Water Public
Basement Description Full
Foundation Concrete, Stone
Lot Description Sidewalks
Roof Shingle - Asphalt
Garage No

Unit Features

Unit 1 Baths 1
Unit 1 Bedrooms 2
Unit 2 Baths 1
Unit 2 Bedrooms 0
Unit 3 Baths 1
Unit 3 Bedrooms 2
Unit 4 Baths 1
Unit 4 Bedrooms 1
Unit 5 Baths 1
Unit 5 Bedrooms 1
Unit 6 Baths 1
Unit 6 Bedrooms 1

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.

Map of 15 Woodstock Avenue, Rutland City, VT

Location Map Street View
Photo of Paula Filias
Paula Filias
Realtor
Direct: 978-479-0157
Office
655 Wallis Road.
Rye, NH 03870
603-964-7000
Listed by 3GEN Real Estate Inc, Michael Gilman
$
20%
1.5682%
6.75%
$
$
$
Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

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.

Nearby zip codes are 05701 3203, 05701 3240, 05759, 05765 and 05777. This property neighbors other cities such as Chittenden, Clarendon, Mendon, Proctor and Rutland Town.

PrimeMLS

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.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

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