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Listed by Mike Kalil • Watson Realty & Associates
$5,984,000
Est. payment /mo
2,500 SqFt
New
35 Evergreen ST Rutland City, VT 05701
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UPDATED:
01/24/2025 02:43 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $2,393
MLS Listing ID 5027458
Construction Status Existing
Year Built 1900
Annual Tax Amount $5,451
Tax Year 2025
Lot Size 10,890 Sqft
Acres 0.25
Property Description
Great opportunity for investors, A package of 88 rental units , Consists of 25 multifamily buildings, all in Rutland City in close proximity to each other, All units have certificate of occupancies, Great rental history, This property produces over $1,300,000 in gross rent, The net cap rate is over 14% , The net income is over $900,000 per year, Not including management fee or vacancy rates, The current owner have owned them for years and is retiring. Profits have proven to be consistent and growing every year, Constant upgrade repairs have been made to all systems I.e Heating, Water to optimize efficiency .
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning Residential
Rooms
Basement Entrance Interior
Basement Full
Interior
Cooling None
Exterior
Utilities Available Cable, Phone
Roof Type Shingle - Asphalt
Building
Story 2
Foundation Fieldstone
Sewer Public
Architectural Style Multi-Family, Other
Construction Status Existing
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