35 Evergreen StreetRutland City, VT 05701MLS Number 5027458

  • Price: $5,984,000
  • Est. Mortgage of $/month
  • 16 Days on Market
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%
$/month over payments
Federal 30-year interest rate: 6.89% last updated on Feb 6, 2025
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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35 Evergreen Street Rutland City VT 0570135 Evergreen Street Rutland City VT 0570135 Evergreen Street Rutland City VT 0570135 Evergreen Street Rutland City VT 0570135 Evergreen Street Rutland City VT 0570135 Evergreen Street Rutland City VT 0570135 Evergreen Street Rutland City VT 0570135 Evergreen Street Rutland City VT 0570135 Evergreen Street Rutland City VT 0570135 Evergreen Street Rutland City VT 0570135 Evergreen Street Rutland City VT 0570135 Evergreen Street Rutland City VT 0570135 Evergreen Street Rutland City VT 0570135 Evergreen Street Rutland City VT 05701
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  • 0.25Acreage
  • 88Bathrooms
  • 1900Year Built
  • 2,500Square Feet

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Listed by Mike Kalil of Watson Realty & Associates
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 .

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Tax Information

  • Tax Year2025

Building

  • Year Built1900
  • Building ConstructionWood Frame
  • Units88
  • # of 1 Bedrooms32
  • # of 2 Bedrooms34
  • # of 3+ Bedrooms22
  • Bathroom88
  • Total Baths88
  • BasementFull
  • FoundationFieldstone

Amenities

  • PricePerSqFt2393.6

Basic Information

  • StatusACT
  • List Price$5,984,000
  • Date Price Change01/23/2025
  • MLS Number5027458
  • MLS StatusActive

Property

  • Acreage0.25
  • GarageNo
  • Parking Spaces
  • Lot DescriptionCity Lot
  • Square Feet2,500
  • APX Fin AG Sqft2,500
  • Road Frontage100
  • AreaVT-Rutland

Location

  • TownRutland City
  • StateVT
  • Zip05701
  • CountyRutland
  • ZoningResidential
  • Address35 Evergreen Street
  • Flood Zone Y/NNo

Exterior

  • RoofShingle - Asphalt

Utilities

  • Heat SystemBaseboard, Forced Air
  • ElectricCircuit Breaker(s)
  • SewerPublic
  • UtilitiesCable, Phone

Other

  • Taxes$5,451
  • Seasonal Y/NNo
  • Operating Expenses442789
  • Date Listed01/23/2025
  • View Count3
Ault Commercial Realty
Ault Commercial Realty
Office: 802.773.0600
PO Box 6306
Rutland, VT 05702
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Copyright 2025 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 February 8, 2025 1:52 AM EST

 

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