$5,984,000 ($2,393.60 per sqft)

Est. Mortgage $29,476/mo *

Quick Pre-Approval

Listing courtesy of Mike Kalil, Watson Realty & Associates Phone: 802-773-3500


35 Evergreen Street, Rutland City, VT, 05701

35 Evergreen Street, Rutland City, VT, 05701

0 beds

88 Full baths

1900

Multi-Family, Other

2,500 sqft

Great opportunity for investors, A package of 88 rental units , Consists of 25 multifamily buildings, all in Rutland City in close proximity to each other, All units have certificate of occupancies, Great rental history, This property produces over $1,300,000 in gross rent, The net cap rate is over 14% , The net income is over $900,000 per year, Not including management fee or vacancy rates, The current owner have owned them for years and is retiring. Profits have proven to be consistent and growing every year, Constant upgrade repairs have been made to all systems I.e Heating, Water to optimize efficiency .


Status:

Active

Type:

Multi-family

Units:

88

Zoning:

Residential

Frontage:

100

Heating:

Baseboard, Forced Air

Cooling:

None

Basement:

Full

Acreage:

0.25

Est. Taxes:

$5,451

Lot Description:

City Lot

MLS #:

5027458


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