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Listed by Hughes Group Team of Casella Real Estate
If you are looking for your next investment opportunity, here is a well maintained 3-unit multifamily in Rutland City with a cap rate of just over 12%. On the first floor is a 3-bedroom 1-bathroom unit that is rented for $1300 a month, these tenants pay for their electric and also take care of snow removal, lawn care, and trash for the property in trade for use of the 2-car garage. The seller estimates the cost of these operating expenses would be approximately $2400 per year if outsourced. On the second floor are the 2 other units which rent for $1050 (2-bedroom) and $850 (1-bedroom) per month and tenants pay for their electric. Seller has wonderful tenants and has nicely maintained the property, but is relocating and does not want to own the property from such a far distance.

Property Details of 42 Jackson Avenue

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Copyright 2023 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display 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 June 5, 2023 8:09 PM EDT

 

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