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Courtesy of Michael Gilman of 3GEN Real Estate Inc: .

121 Park Avenue

Rutland City, VT 05701
  • $455,000
  • STATUS: Pending
  • ON SITE: 22 Days
  • MLS #: 5027607
Pending
UPDATED: 45 min ago
$455,000
  • 6
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,834
    SQFT
  • $161
    $/SQFT
Type:
Multi-Family
Built:
1989
County:
Area:

School Ratings & Info

Description

Well maintained 6plex located a desirable quaint residential Rutland neighborhood. This garden style building is rarely vacant building and has 6 1x1br, with an attractive layout and an an entrance to the exterior for each unit. The property a net operating income north of $47K, and is being listed at a ~10.5% cap rate based on the current rent roll and expenses. Units has been renovated and the property has 100% occupancy with a waitlist. A new owner can step into to this turnkey investment, projected to yield over a 14% cash on cash return starting year 1 based on current numbers, and therefor realize significant returns from cash-flow vs speculation. Rents can be brought to market to achieve north of a 17% cash on cash return. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 6plex 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. Listing Broker is a member of the LLC selling the property.

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© Copyright 2025 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2025-02-16T22:06:29.783.
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121 Park Avenue Rutland City, VT 05701

  • Price: $455,000
  • Status: Pending
  • On Site: 22 Days
  • Updated: 45 min ago
  • MLS #: 5027607
6
Beds
0
Baths
0
½ Baths
0.25
Acres
2,834
SQFT
$161
$/SQFT
1989
Built
County:
Rutland
Area:
Rutland City
Property Description
Well maintained 6plex located a desirable quaint residential Rutland neighborhood. This garden style building is rarely vacant building and has 6 1x1br, with an attractive layout and an an entrance to the exterior for each unit. The property a net operating income north of $47K, and is being listed at a ~10.5% cap rate based on the current rent roll and expenses. Units has been renovated and the property has 100% occupancy with a waitlist. A new owner can step into to this turnkey investment, projected to yield over a 14% cash on cash return starting year 1 based on current numbers, and therefor realize significant returns from cash-flow vs speculation. Rents can be brought to market to achieve north of a 17% cash on cash return. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 6plex 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. Listing Broker is a member of the LLC selling the property.
Exterior Features

Architectural Style Multi-Family Construction Materials Wood Frame Driveway Gravel Has Garage No Lot Features Level Road Frontage Yes Road Frontage Length 50 Roof Shingle - Asphalt

Interior Features

Cooling None Foundation Poured Concrete Has Basement No Heating Oil Unit1 Baths 1 Unit2 Baths 1 Unit3 Baths 1 Unit4 Baths 1 Unit5 Baths 1 Unit6 Baths 1

Property Features

Construction Status Existing Electric 200 Amp Flood Zone No Foreclosed / Bank Owned / REO No Pre Construction No Road Frontage Type Paved Seasonal Unknown Sewer Public Tax Gross Amount 7229.16 Tax Year 25 Taxes Tbd No Total1 Bed Units 6 Total2 Bed Units 0 Total3 Plus Bed Units 0 Utilities Cable Water Source Public Zoning MR1

Courtesy of Michael Gilman of 3GEN Real Estate Inc: .


© Copyright 2025 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2025-02-16T22:06:29.783.
 
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