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Listing Provided By Mike Kalil with Watson Realty & Associates
$1,750,000
998 U S Route 4 East, Rutland Town, VT 05701
0 Beds
0 Baths
20,000 sqft

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Listing Provided By Mike Kalil with Watson Realty & Associates
Turn-key income-generating property. This property is very well cared for, located between Killington and Rutland, completely updated and up to code. Consists of 16 units(1,2,3 bedroom furnished apartments), 8 town houses and 51 self storage units with plenty of parking spaces and some garages. Parking lot is paved. NOI is $221,185 Cap Rate 11.5% at this price. Also this property sets on 4.3 Acres acre. 1.3 acre lot has been subdivided with great frontage on Route 4; appraised value for the lot is $150K. This property has so much to offer.
  • Price:
  • $1,750,000
  • Square Footage:
  • 20,000
  • Acreage:
  • 4.31
  • Year Built:
  • 1950
  • Listing ID #:
  • 4861271
  • Street Address:
  • 998 U S Route 4 East
  • City:
  • Rutland Town
  • State:
  • Vermont
  • Postal Code:
  • 05701
  • County:
  • Rutland
  • Listing Status:
  • Pending
  • Listing Type:
  • Multi-Family
  • Basement Access:
  • Walk-Up
  • Basement Description:
  • Partial, Unfinished
  • Construction Description:
  • Wood Frame
  • Construction Status:
  • Existing
  • Exterior Features:
  • Deck, Patio
  • Finished Above Ground Square Footage:
  • 20000
  • Finished Square Feet:
  • 20000
  • Foundation:
  • Poured Concrete
  • Has Basement:
  • Yes
  • Number Of Units:
  • 24
  • Siding:
  • Vinyl, Wood
  • Stories:
  • 3
  • Style:
  • Apartment Building, Multi-Family, Townhouse
  • Total Building Square Footage:
  • 20300
  • Type Of Roof:
  • Shingle - Architectural
  • Unfinished Basement Square Footage:
  • 300
  • Year Built:
  • 1950
  • Conforms To Zoning:
  • Commercial , Residential
  • Lot Description:
  • Level, Mountain View, Rental Complex, View
  • Lot Square Footage:
  • 187744
  • Road Frontage:
  • 300
  • Road Type:
  • Public
  • Days On Market:
  • 194
  • Price Per Square Foot:
  • 87.50
  • Property Taxes:
  • $26,112
  • Tax Year:
  • 2021
  • Driveway:
  • Paved
  • Garage Capacity:
  • 3
  • Garage Type:
  • Detached
  • Has Garage:
  • Yes
  • Electricity:
  • Circuit Breaker(s)
  • Existing Water:
  • Drilled Well
  • Heating:
  • Baseboard
  • Heating Fuel:
  • Oil
  • Sewage Type:
  • Public
  • Water Heater:
  • Electric
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Mike Kalil with Watson Realty & Associates
  • VMONT