$345,000

48 Forest Street, Rutland City, VT 05701

Multi-Family Home
Built in 1900
3,049sqft lot
—— car garage
$——/sqft
Listed 9 months ago

Property Description

This listing courtesy of Michael Gilman, 3GEN Real Estate Inc

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 area from investors. The property is available as a package with other buildings across VT for a buyer looking for a larger high cash flow turnkey multifamily portfolio. Listing Broker is a member of the LLC selling the property. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 4plex ahead of the historic multibillion dollar development occurring nearby at Killington, is already resulting in organic property appreciation and increased interest in the area from investors. The property is available as a package with other buildings across VT for a buyer looking for a larger high cash flow turnkey multifamily portfolio. Listing Broker is a member of the LLC selling the property.

Listing Status:: Pending
Date Added:: January 24, 2025 at 06:00AM
Listing Office:: 3GEN Real Estate Inc : 802-227-7327
Listing Agent:: Michael Gilman : 802-227-7327
MLS ID:: 5027605

Basement: Unfinished
A/C: None
Heating: Oil

Style: Multi-Family

Roofing: Asphalt Shingle
General: Vinyl ExteriorConcrete Slab

Road/Access: Paved
County: Rutland

Driveway: Gravel
Zoning: Res 1

Utilities: Cable
Water: Public
Sewer: Public

This listing courtesy of Michael Gilman, 3GEN Real Estate Inc

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Rutland Intermediate School

63-65 Library Avenue, Rutland, VT, 05701

Grades 3-6

0.65 miles away

Rutland Middle School

67 Library Ave, Rutland, VT, 05701

Grades 7-8

0.62 miles away

Rutland High School

22 Stratton Rd, Rutland, VT, 05701

Grades 9-12

1.74 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.