46 Summer StreetRutland City, VT 05701MLS Number 5013866

  • Price: $435,000
  • Est. Mortgage of $/month
  • 31 Days on Market
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Federal 30-year interest rate: 6.32% last updated on Oct 10, 2024
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46 Summer Street Rutland City VT 0570146 Summer Street Rutland City VT 0570146 Summer Street Rutland City VT 0570146 Summer Street Rutland City VT 0570146 Summer Street Rutland City VT 0570146 Summer Street Rutland City VT 0570146 Summer Street Rutland City VT 0570146 Summer Street Rutland City VT 0570146 Summer Street Rutland City VT 0570146 Summer Street Rutland City VT 0570146 Summer Street Rutland City VT 0570146 Summer Street Rutland City VT 0570146 Summer Street Rutland City VT 0570146 Summer Street Rutland City VT 0570146 Summer Street Rutland City VT 0570146 Summer Street Rutland City VT 0570146 Summer Street Rutland City VT 05701
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  • 0.17Acreage
  • 5Bathrooms
  • 1884Year Built
  • 2,936Square Feet

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Listed by Michael Gilman of 3GEN Real Estate Inc
Immaculate, renovated, 100% occupied, high cash-flow 5 unit multi-family, priced to sell at an “as is” 11% cap. The building has been professionally managed with no deferred maintenance and is in mint condition. 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. This allows a new owner to realize significant returns from cash-flow vs speculation. With a Net Operating Income of $50K, 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, and the property is rarely vacant. 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, 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

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Tax Information

  • Tax Year24

Building

  • Year Built1884
  • Units5
  • Unit 1 Bath1
  • Unit 1 Bedrooms1
  • Unit 2 Bath1
  • Unit 3 Bath1
  • Unit 3 Bedrooms1
  • Unit 4 Bath1
  • Unit 5 Baths1
  • Unit 5 Bedrooms1
  • # of 1 Bedrooms3
  • # of 2 Bedrooms1
  • Bathroom5
  • Total Baths5
  • BasementUnfinished
  • FoundationStone

Basic Information

  • StatusACT
  • List Price$435,000
  • Date Price Change09/11/2024
  • MLS Number5013866
  • MLS StatusActive

Property

  • Acreage0.17
  • Parking Spaces
  • Square Feet2,936
  • APX Fin AG Sqft2,936
  • Road Frontage70
  • RoadsPaved

Amenities

  • PricePerSqFt148.16

Location

  • TownRutland City
  • StateVT
  • Zip05701
  • CountyRutland
  • ZoningMR-1
  • Flood Zone Y/NNo

Exterior

  • RoofShingle - Asphalt

Utilities

  • Heat FuelOil
  • Heat SystemBaseboard
  • ElectricCircuit Breaker(s)
  • SewerPublic
  • UtilitiesCable

Other

  • Taxes$4,807.96
  • Seasonal Y/NUnknown
  • Date Listed09/11/2024
  • View Count4
Ault Commercial Realty

Your Local Office

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Ault Commercial Realty
Office: 802.773.0600
PO Box 6306
Rutland, VT 05702
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