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Listed by Mike Kalil • Watson Realty & Associates
$ 500,000
Est. payment /mo
New
469 Main ST West Rutland, VT 05777
12 Beds
5,653 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,653 sqft
Price per Sqft $88
MLS Listing ID 5070530
Bedrooms 12
Construction Status Existing
Year Built 1915
Annual Tax Amount $7,210
Tax Year 2026
Lot Size 10,018 Sqft
Acres 0.23
Property Description
Spacious units. nice location minutes to shopping and Rutland city , this property has been renovated and updated, including vinyl siding, windows and much more , pretty much no deferred maintains, the best part about this property is the income, Cap Rate at asking price is more than 15.5%, Rents include: Heat, Water & Sewer ,Rubbish, Lawn/plowing, property taxes ,insurance, although each unit has it own electric meter the current owner has included electric in the rent and maintenance , Steady income, gross yearly income is $122,400 with expenses at $36,402 which includes 8% vacancy rate, the NOI $77,596 .
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning Residential
Rooms
Basement Entrance Walk-up
Basement Full, Unfinished
Interior
Cooling None
Exterior
Utilities Available Cable, Telephone Available
Roof Type Metal,Slate
Building
Story 2
Sewer Public
Architectural Style Multi-Family
Construction Status Existing
Schools
Elementary Schools West Rutland School
Middle Schools West Rutland School
High Schools Choice
School District West Rutland School District
