Listing courtesy of Mike Kalil, Watson Realty & Associates 802-773-3500
Price History
$1,190,000
10/25/2025
$1,260,000
11/3/2025
260 Business route 4 Street, Rutland Town, VT, 05701
0 beds
14 Full baths
1987
Multi-Family
12,500 sqft
Great investment opportunity, Well maintained property in Rutland town ( Center Rutland) this property consists of two buildings, Front building with 10 units and the back building is 4 units , Total of 14 units all one bedroom apartments, Sits on a large parcel over 1.20 +- Acres , Plenty of parking with a loop driveway Convenient for tenants, Vinyl siding and vinyl replacement windows, The pro forma Numbers on this property with 100% occupancy is As follows Gross revenues $197, 400 A year With expenses just around $60,000 per year, not including management , regular maintenance calls, Vacancy rateAnd debt service, Current CAP Rate Above 10.8% This property is offered with another 14 unit property in Castleton ($1,260,000) as 28 units package 11 units are occupied currently the other 3 are in transition . Two Heating boilers service the front building and one boiler Services the back building. His property is convenient to the city amenities .
Status:
Active
Type:
Multi-family
Units:
14
Zoning:
Residential
Frontage:
106
Heating:
Baseboard
Cooling:
None
Basement:
Unfinished
Acreage:
1.22
Est. Taxes:
$11,647
Lot Description:
Country Setting,Landscaped
MLS #:
5067282