15 Woodstock AvenueRutland City, VT 05701MLS Number 5009711

Price: $460,000
Est. Mortgage of $/month
33 Days on Market

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.

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Tax Information

Tax Year23

Building

Year Built1900
Units6
Unit 1 Bath1
Unit 1 Bedrooms2
Unit 2 Bath1
Unit 3 Bath1
Unit 3 Bedrooms2
Unit 4 Bath1
Unit 5 Baths1
Unit 5 Bedrooms1
Unit 6 Baths1
Unit 6 Bedrooms1
# of 1 Bedrooms4
# of 2 Bedrooms1
Bathroom6
Total Baths6
BasementFull
FoundationConcrete, Stone

Basic Information

StatusACT
List Price$460,000
Date Price Change08/14/2024
MLS Number5009711
MLS StatusActive

Property

Acreage0.18
Parking Spaces
Square Feet3,869
APX Fin AG Sqft3,869
Road Frontage85
RoadsPaved

Amenities

PricePerSqFt118.89

Location

TownRutland City
StateVT
Zip05701
CountyRutland
ZoningRB
Flood Zone Y/NNo

Exterior

RoofShingle - Asphalt

Utilities

Heat FuelOil
Heat SystemHot Water
Electric100 Amp
SewerPublic
UtilitiesCable

Other

Taxes$7,213.72
Seasonal Y/NUnknown
Date Listed08/14/2024
View Count9

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 September 15, 2024 3:24 PM EDT

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15 Woodstock AvenueRutland City, VT 05701MLS Number 5009711

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