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Listed by: | 3GEN Real Estate Inc (802) 227-7327
$345,000
-- Bed
- -- Bath
4,032sqft
48 Forest St, Rutland City, VT 05701
$345,000
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Multi Family
Built in 1900
$-- HOA
3,049 sqft lot
$86/sq.ft
Description
Well maintained oversized 4plex located a desirable quaint residential Rutland neighborhood. This 100% occupied building has 1x3br 2x2br and 1x1br. This cash cow features a net operating income ~$44,000 and is being listed at north of a 12% cap rate based on current numbers. Property has recent certificate of occupancy and is up to date.
In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 4plex during a falling rate environment, and ahead of the historic multibillion dollar development occurring nearby at Killington, which already resulting in organic property appreciation and increased interest in the ...
Property Details
Status
Pending
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1900
HOA Fees
-
Finished Area
4,032 sqft
Lot Size
3,049 sqft lot
Basement Area
- sqft
MLS Name
NEREN/Prime MLS
MLS Number
5027605
MLS Status
(30) Under Contract - Pending
Days on Market
314
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