VT > Rutland City
Rutland City, VT 05701,38 Cottage ST
Rutland City, VT 05701,38 Cottage ST
Rutland City, VT 05701,38 Cottage ST
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David Greco

David Greco

+1(978) 327-1076
Listed by Michael Gilman • 3GEN Real Estate Inc
$499,000
Est. payment /mo
7 Beds
7 Baths
3,590 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Under Contract

Purchase Type For Sale

Square Footage 3,590 sqft

Price per Sqft $138

MLS Listing ID 5037586

Bedrooms 7

Full Baths 7

Construction Status Existing

Year Built 1884

Annual Tax Amount $6,268

Tax Year 2025

Lot Size 6,534 Sqft

Acres 0.15

Property Description

Well maintained 100% occupied 7 unit located in central Rutland neighborhood, priced below comparables and recent sales! This 7 unit property was recently renovated and is being listed at a ~12% cap and an annual Net Operating Income of ~$58K (~13% cap without management fees). A new owner can step into to this turnkey investment, projected to yield over a 18% cash on cash return starting year 1 based on current numbers and financing rates, and therefor realize significant returns from cash-flow vs speculation. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a turnkey 7plex 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. Please call or email broker directly for up to date Offering Memo for this property, and a video tour is also available. 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.

Location

State VT

County Vt-rutland

Area Vt-Rutland

Zoning MR-1

Rooms

Basement Entrance Interior

Basement Unfinished

Interior

Cooling None

Exterior

Utilities Available Cable

Roof Type Asphalt Shingle

Building

Story 2

Sewer Public

Architectural Style Multi-Family

Construction Status Existing

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David Greco

+1(978) 327-1076

General Manager and Agent MA and NH | License ID: MA 9569405 NH 077530

General Manager and Agent MA and NH License ID: MA 9569405 NH 077530

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