Multi-Family for Sale: 60 Elm Street, Rutland City, VT 05701

7 beds
3,220 sqft
$365,000
$365,000
60 Elm Street, Rutland City, VT 05701
7 beds
3,220 sqft
$365,000
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Price:
$365,000

Type Multi-Family
Style Colonial
Beds 7
Square Feet 3,220 sqft
Lot Size 0.17 acres
Year Built 1884
Taxes Paid $6,636

City Rutland City
County Rutland

MLS 5017046
Status Pending
DOM 11 days
Immaculate 4plex located a desirable quaint residential Rutland neighborhood This 100% occupied building has 3x2br and 1x1br, a net operating income north of $36K, and is being listed at a 10% 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 north of a 24% cash on cash return by year 2. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 4plex 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

Utilities Cable
Construction Wood Frame
Cooling None
Heating Baseboard
Sewer Public
Tax Year 2024
Taxes Paid $6,636
Water Public
Basement Description Unfinished
Foundation Stone
Lot Description Corner
Roof Shingle - Asphalt
Garage No

Unit Features

Unit 1 Baths 1
Unit 1 Bedrooms 2
Unit 1 Rental Amount 1250.00
Unit 1 Rental Amt Freq Monthly
Unit 2 Baths 1
Unit 2 Bedrooms 2
Unit 2 Rental Amount 1075.00
Unit 2 Rental Amt Freq Monthly
Unit 3 Baths 1
Unit 3 Bedrooms 1
Unit 3 Rental Amount 1100.00
Unit 3 Rental Amt Freq Monthly
Unit 4 Baths 1
Unit 4 Bedrooms 2
Unit 4 Rental Amount 1300.00
Unit 4 Rental Amt Freq Monthly

Price History of 60 Elm Street

Date Name Price Difference
10/02/2024 Listing Price $365,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 60 Elm Street, Rutland City, VT

Location Map Street View
Photo of Crissa Kounavis
Direct: 301-648-7886
Office
655 Wallis Road.
Rye, NH 03870
603-964-7000
Listed by 3GEN Real Estate Inc, Michael Gilman
$
20%
1.8180821917808%
6.75%
$
$
$
Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

60 Elm Street (MLS #5017046) is a multi-family listing located in Rutland City, VT. This multi-family listing is 3,220 sqft and on a lot of 7,405 sqft (or 0.17 acres) and is 140 years old. This property was listed on 10/02/2024 and has been priced for sale at $365,000.

Nearby zip codes are 05701 3240, 05738, 05759, 05765 and 05777. This property neighbors other cities such as Clarendon, Mendon, Proctor, Rutland Town and West Rutland.

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 11/22/2024