Property Details
Basic Information
- MLS Number: 5067282
- List Price: $1,260,000
- Lot Description: Country Setting, Landscaped
- Date Listed: 10/25/2025
- Units: 14
- Description: 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 .
Building
- Acreage: 1.22
- Square Feet: 12,500
- Year Built: 1987
- Zoning: Residential
- Roof: Asphalt Shingle
- Building Construction: Wood Frame, Vinyl Siding
- Foundation: Concrete
Location
- County: Rutland
- Town: Rutland Town
Finance
- Taxes: $11,647
Interior Features
Basement
- Basement: Unfinished
Utilities and Appliances
Utilities and Appliances
- Utilities: Cable, Telephone Available
Community
Amenities
- Other Amenities: Basement
Other Details
Water
- Water: Public