$1,260,000

260 Business route 4 Street, Rutland Town, VT 05701

  • 14 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1987
  • Property Lot Size Icon1.22acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 15 days ago

Property Description

This listing courtesy of Mike Kalil, Watson Realty & Associates

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 .

Listing Status:
Active
Date Added:
October 25, 2025 at 05:00AM
Listing Office:
Watson Realty & Associates : 802-773-3500
Listing Agent:
Mike Kalil : 802-773-3500
MLS ID:
5067282
  • Basement: Unfinished
  • A/C: None
  • Heating: Baseboard
  • Style: Multi-Family
  • Roofing: Asphalt Shingle
  • General: Wood FrameVinyl SidingConcrete
  • Road/Access: PavedPublic
  • County: Rutland
  • Driveway: Gravel
  • Zoning: Residential
  • Utilities: CableTelephone Available
  • Water: Public
  • Sewer: Public

This listing courtesy of Mike Kalil, Watson Realty & Associates

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Rutland Town Elementary School

1612 Post Rd, Rutland, VT, 05701

Grades PK-8

3.28 miles away

R

Rutland Town Elementary School

1612 Post Rd, Rutland, VT, 05701

Grades PK-8

3.28 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.