Listing Provided by:
Watson Realty Associates
Phone: 802-773-3500
Agent: Mike Kalil
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 .
Listed By
Broker Name: Watson Realty Associates
Agent Name: Mike Kalil
Broker Phone: 802-773-3500
Shown By
Broker Title: Badger Peabody & Smith Realty
Broker Phone: (603) 823-5700 (Corporate Office)
Estimated Payment
$ 7,511.77 per month $6,173.69 Principal & Interest $970.58 Property Tax $367.50 Homeowner's InsuranceSource: Delta Media Group, Inc.
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260 Business Route 4 Street, Rutland Town, VT 05701.
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