VT > Rutland Town
Rutland Town, VT 05701,997 Us Route 4 E
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Rutland Town, VT 05701,997 Us Route 4 E
Rutland Town, VT 05701,997 Us Route 4 E
Rutland Town, VT 05701,997 Us Route 4 E
Rutland Town, VT 05701,997 Us Route 4 E
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Tim Desmarais

Tim Desmarais

+1(603) 765-1965
Listed by Derek Greene • Derek Greene
$ 1,275,000
Est. payment /mo
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Active

997 Us Route 4 E Rutland Town, VT 05701

9 Beds

5 Baths

5,000 SqFt

UPDATED:

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

PrimeMLS
agent

Tim Desmarais

Agent | License ID: 9514123

+1(603) 765-1965

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