Here is an investment opportunity with this well-maintained multi-family property, featuring five rental units and a solid cap rate of 10%. This property includes three two-bedroom apartments, a comfortable one-bedroom unit, and a cozy efficiency, offering a balanced mix of layouts to attract a wide variety of tenants. All apartments benefit from included amenities that simplify the rental experience, with heat, trash removal, snow removal, and lawn care covered in the rent. Tenants pay their own electric bills, aside from Apartment C. The property also has a large off-street parking area, providing convenient and ample parking for all residents. Ideally located within walking distance of essential amenities, this property allows tenants to enjoy easy access to local stores, restaurants, and a laundromat. With these appealing features, the property is consistently occupied and benefits from strong rental demand in the area. Whether you're expanding an existing portfolio or entering the multifamily market, this property is positioned to provide reliable returns in a thriving rental market.

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Tax Information

Tax Year2025

Building

Year Built1885
Building ConstructionWood Frame
Units5
Unit 1 Bath1
Unit 1 Bedrooms2
Unit 2 Bath1
Unit 2 Bedrooms2
Unit 3 Bath1
Unit 3 Bedrooms1
Unit 3 Styleefficiency
Unit 4 Bath1
Unit 5 Baths1
Unit 5 Bedrooms1
# of 1 Bedrooms2
# of 2 Bedrooms3
Bathroom5
Total Baths5
BasementUnfinished
FoundationStone

Basic Information

StatusACT
List Price$319,900
Date Price Change11/14/2024
MLS Number5022191
MLS StatusActive

Property

Acreage0.37
GarageNo
Parking Spaces
Lot DescriptionLevel
Square Feet3,220
APX Fin AG Sqft3,220
AreaVT-Rutland

Amenities

PricePerSqFt99.35

Location

TownFair Haven
StateVT
Zip05743
CountyRutland
Zoningunknown
Address9 River Street
Flood Zone Y/NUnknown

Exterior

RoofMembrane

Utilities

Heat SystemOil, Baseboard
ElectricCircuit Breaker(s)
SewerPublic
UtilitiesTelephone Available

Other

Taxes$4,855.16
Seasonal Y/NNo
Operating Expenses21232
Date Listed11/14/2024
Unit 1 Deposit$1,000
Unit 2 Rent Amount$900
Unit 3 Rent Amount$650
Unit 4 Rent amount$1,000
Unit 5 Rent amount$900
View Count1

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 December 10, 2024 9:54 AM EST

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