Multifamily

MLS Number 5009711

• Multifamily
• Bathroom 6
• Square Feet 3,869
• Acreage 0.18

Opportunity to purchase a high cash flow 6 unit turnkey building in the heart of Rutland at an impressive 11% cap (13% cap at proforma market rents). The building has been professionally managed, fully renovated, and a new owner can step into to this turnkey investment, projected to yield over a 20% cash on cash return during the hold period based on current numbers, with significant upside at sale. With a gross potential income upwards of $80K, this fully occupied property has a diverse unit mix of studios, 1br and 2br apartments - allowing it to appeal to a broad range of residents. Situated on a street with ample parking and outdoor space for residents to enjoy, the property rents quick when there is a rare vacancy. The building has undergone weatherization and energy efficiency work resulting in lower heating season bills than your average multifamily. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire real estate ahead of the historic multibillion dollar development occurring nearby at Killington, which 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.

Listed by Michael Gilman of 3GEN Real Estate Inc

MLS Number 4998793

• Multifamily
• Bathroom 3
• Square Feet 2,840
• Acreage 0.15

Investors, don't miss this motivated seller's offer! Schedule a viewing today to discover a remarkable building that could become the crown jewel of your portfolio. Here are some key financial highlights- Annual income $51,600, Rental income $4,200 per month, Annual net income of $45,480 cash on cash at listed price, Annual return if owner occupying with 10% down is approximately $11,000 at current rates. Also, it looks like rates are scheduled to drop soon!! With a stable rental history and reliable tenants, this property promises consistent income. It's well-maintained, ensuring low maintenance costs and minimal effort. Consider the potential for even higher returns when interest rates adjust, allowing for a lucrative refinance opportunity. Whether you're seeking an addition to your investment portfolio or a property for owner occupancy, this building offers exceptional value. Contact your local agent today to schedule a viewing and secure this prime investment opportunity!

Listed by Flex Realty Group and Chris Williams of Flex Realty

MLS Number 5004856

• Multifamily
• Bathroom 2
• Square Feet 3,300
• Acreage 0.2

Great Investment Opportunity located in downtown Castleton and walking distance to Vermont State University. Minutes to Lake Bomoseen and a short drive to Killington and Pico ski areas. Recently renovated with 2 units both with 4 bedrooms and 1 bath. Currently rented until May 2025. Either a great investment or live in one unit and rent the other collecting serious rental income. Figures available to qualified buyers.

Listed by Bill Gilbert of Gilbert Realty and Development

MLS Number 5010669

• Multifamily
• Bathroom 4
• Square Feet 2,793
• Acreage 0.04

In the charming town of Fair Haven, Vermont, this beautifully renovated building offers a unique blend of commercial and residential opportunities, making it an ideal investment for both business and lifestyle. The first floor is a versatile space, currently home to a brewery. With its tasteful renovations, it's ready to continue to operate as is or transform into the business of your dreams-a cozy sandwich shop, a boutique gift store, or whatever venture you envision. The second floor features a spacious two-bedroom, one-bathroom apartment that has been fully updated with modern amenities. Looking out the windows you'll enjoy views of downtown Fair Haven. On the third floor, you'll find a studio apartment, that with some fire and safety updates, offers great potential as a separate living space for added income or could be combined with the second-floor apartment to expand the living area without the need for added compliance. Situated in the heart of Fair Haven, this building is within walking distance of local shops, restaurants, a small farmers market, and lively park events. It's a perfect opportunity for an entrepreneur looking to establish a business while enjoying the convenience and charm of small-town living. Whether you're an investor or someone seeking a unique home, this property is ready to fulfill your vision.

Listed by Hughes Group Team of Casella Real Estate

MLS Number 5007582

• Multifamily
• Square Feet 3,964
• Acreage 0.36

Investment Opportunity! Discover this charming multifamily property, a rare gem with fantastic potential in the thriving Rutland area. This property boasts multiple units, each offering a unique opportunity to renovate or update to your specifications, allowing you to truly make it your own. Whether you're looking to flip the units for a quick profit or upgrade them to increase long-term rental income, the possibilities are endless. The existing layout is functional and appealing, making it easy to keep the current tenants and enjoy steady rental income without immediate renovations. The property's location is ideal, situated in a high-demand rental market with a strong potential for future appreciation. Plus, Rutland Town taxes may provide additional savings, enhancing the overall investment appeal. This is a versatile investment that caters to various strategies, whether you're an experienced investor or just starting out. Don't miss out on this opportunity-more photos available upon inquiry. All units have tenants in place.

Listed by Leo Pond of Blue Ridge Real Estate

MLS Number 5004743

• Multifamily
• Bathroom 3
• Square Feet 2,652
• Acreage 0.25

Located in Rutland City is this well-maintained 3-unit multi-family property that offers an opportunity for both investors and those looking to find a new home where they can live in one unit and offset their mortgage with the other two units. The building features two 1-bedroom units and one 2-bedroom unit as well as a detached 3 bay garage. Each unit has hardwood floors that add warmth and character, making every space inviting and comfortable. The separately metered electric and individual boilers allow for easy management and reduced overhead costs. Call to schedule your showing today!

Listed by Hughes Group Team of Casella Real Estate

MLS Number 5001759

• Multifamily
• Bathroom 4
• Square Feet 3,591
• Acreage 0.21

Great opportunity for owner occupant and collect rents as an income, when all rented your gross yearly income is over $72K and net over $45K a year , Cap Rate at the full price is over 13% . Great location walking distance to shopping and restaurants, this property is great for traveling nurses, or ski resort workers, another potential is use some units as Air B & B property has been maintained well no deferred maintenance, many recent update. including unit renovations, even though the owner is paying oil expense for the heat, it does have Separate utilities if you choose to go that route and have tenants pay for their own heat, great rental history for that location .

Listed by Mike Kalil of Watson Realty & Associates