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Rutland Town,VT 05701
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $255
MLS Listing ID 5030340
Bedrooms 9
Full Baths 5
Construction Status Existing
Year Built 1850
Annual Tax Amount $5,606
Tax Year 2025
Lot Size 2.000 Acres
Acres 2.0
Property Description
Net operating income of over $113,000 (see attachment)! At the list price, the property generates a turnkey cap rate of ~9%. The owners live out of state and manage the property remotely. This multi-family consists of five units located on a well-manicured 2-acre parcel in peaceful Rutland Town. Property is equipped with smart locks and security cameras for seamless remote monitoring. The main house includes two units, unit A with four bedrooms / one bathroom, and unit B with two bedrooms / one bathroom. The units in the duplex in the center of the property feature one bedroom / one bathroom and full kitchens with compact W/D. The cottage features a lofted bed / one bathroom with micro-kitchen. The entire property was renovated / remodeled between 2022 and 2023 with quality materials and workmanship. All units are currently rented under long-term leases by quality tenants that have been fully vetted. The 2-acre property includes a large barn with three bays of storage and ample parking. Minutes from all the action and upcoming multi-billion-dollar investments in Killington and Pico. Property is being sold fully furnished. PLEASE DO NOT DISTURB TENANTS!
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning Mixed
Rooms
Basement Entrance Interior
Basement Concrete Floor,Unfinished
Interior
Cooling Wall AC Units,Individual
Flooring Hardwood,Tile,Vinyl
Inclusions Furnishings
Exterior
Garage Description Driveway,Parking Spaces 5 - 10,Unassigned
Utilities Available Cable
Roof Type Metal
Building
Story 2
Foundation Concrete,Stone
Sewer Leach Field,Septic
Architectural Style Other
Construction Status Existing
Schools
School District Rutland Town School District