129 Curtis AvenueRutland City, VT 05701MLS Number 5021984

  • Price: $525,000
  • Est. Mortgage of $/month
  • 27 Days on Market
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$
%
$/month over payments
Federal 30-year interest rate: 6.69% last updated on Dec 5, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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Pending
129 Curtis Avenue Rutland City VT 05701129 Curtis Avenue Rutland City VT 05701129 Curtis Avenue Rutland City VT 05701129 Curtis Avenue Rutland City VT 05701129 Curtis Avenue Rutland City VT 05701129 Curtis Avenue Rutland City VT 05701129 Curtis Avenue Rutland City VT 05701129 Curtis Avenue Rutland City VT 05701129 Curtis Avenue Rutland City VT 05701129 Curtis Avenue Rutland City VT 05701129 Curtis Avenue Rutland City VT 05701129 Curtis Avenue Rutland City VT 05701129 Curtis Avenue Rutland City VT 05701129 Curtis Avenue Rutland City VT 05701129 Curtis Avenue Rutland City VT 05701129 Curtis Avenue Rutland City VT 05701129 Curtis Avenue Rutland City VT 05701129 Curtis Avenue Rutland City VT 05701129 Curtis Avenue Rutland City VT 05701129 Curtis Avenue Rutland City VT 05701129 Curtis Avenue Rutland City VT 05701129 Curtis Avenue Rutland City VT 05701
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  • 0.36Acreage
  • 1969Year Built
  • 4,600Square Feet
  • 2023Tax Year

Driving Directions

Listed by Michael Gilman of 3GEN Real Estate Inc
Immaculate 6plex located a desirable quaint residential Rutland neighborhood. This rarely vacant building has 5x2br and 1x1br, a net operating income north of $60K, and is being listed at a ~11.5% 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 close to 20% cash on cash return by year 2. One unit has been left open for showings or immediate owner occupancy, but the building has traditionally been 100% occupied. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 6plex 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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More Info

Tax Information

  • Tax Year2023

Building

  • Year Built1969
  • Building ConstructionMasonry, Wood Frame, Vinyl Siding
  • Units6
  • Unit 1 Bath1
  • Unit 1 Bedrooms1
  • Unit 2 Bath1
  • Unit 2 Bedrooms2
  • Unit 3 Bath1
  • Unit 3 Bedrooms2
  • Unit 4 Bath1
  • Unit 5 Baths1
  • Unit 5 Bedrooms2
  • Unit 6 Baths1
  • Unit 6 Bedrooms2
  • # of 1 Bedrooms1
  • # of 2 Bedrooms5
  • FoundationConcrete

Basic Information

  • StatusPEN
  • List Price$525,000
  • Date Price Change11/13/2024
  • MLS Number5021984
  • MLS StatusPending

Property

  • Acreage0.36
  • GarageNo
  • Parking Spaces
  • Lot DescriptionSidewalks
  • Square Feet4,600
  • APX Fin AG Sqft4,600
  • Road Frontage100
  • AreaVT-Rutland

Other

  • Taxes$7,591.52
  • Seasonal Y/NUnknown
  • Date Listed11/13/2024
  • View Count2

Location

  • TownRutland City
  • StateVT
  • Zip05701
  • CountyRutland
  • ZoningMR-1
  • Address129 Curtis Avenue
  • Flood Zone Y/NNo

Exterior

  • RoofShingle - Asphalt

Utilities

  • Heat SystemOil, Baseboard
  • Electric100 Amp
  • SewerPublic
  • UtilitiesCable

Amenities

  • PricePerSqFt114.13
Ault Commercial Realty
Ault Commercial Realty
Office: 802.773.0600
PO Box 6306
Rutland, VT 05702
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