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+18027720330
Real Broker LLC
44 Baxter St, Rutland City, VT 05701
- $395,000
- 3,900
- SqFt
Listing courtesy of Mohammad Kalil from Watson Realty & Associates. ()
Listing sold by from Real Broker LLC
- Sold Price
- $395,000
- List Price
- $400,000
- Status
- CLOSED
- MLS#
- 5075867
- Closing Date
- May 26, 2026
- Living Area
- 3,900
- Lot Size
- 2,614
- Acres
- 0.06
- Year Built
- 1915
Property Description
High-Yield 6-Unit Multifamily | Turnkey | 14%+ Cap Rate,Rutland, Vermont This fully remodeled 6-unit multifamily property in Rutland offers exceptional cash flow with no deferred maintenance and strong in-place income. The building has been extensively updated and is 100% occupied, making it a true turnkey investment. Property Overview 6 total units 5 one-bedroom apartments 1 efficiency unit Mostly updated interiors New vinyl siding & new windows Well-maintained building with no capital needs Financial Performance Gross Annual Income: $81,252 Annual Operating Expenses: $24,841 (Includes taxes, insurance, oil, electric, water/sewer, trash, and Wi-Fi. Does not include management.) Net Operating Income (NOI): $56,411 Cap Rate: 14%+ at asking price Why This Property Stands Out Strong, stable rental income Fully occupied with proven performance Major capital improvements already completed Low operating expenses Ideal for both new and seasoned investors seeking high yield This is a rare opportunity to acquire a cash-flowing, stabilized multifamily asset with an exceptional return profile.
Additional Information
- Taxes
- $4,705
- Listing Agent
- Mohammad Kalil
- Listing Office
- Watson Realty & Associates
- Style
- Multi-Family
- Electric
- Circuit Breakers
- Utilities
- Phone Available
- Basement
- Partial
- Foundation
- Concrete
- Sewer
- Public Sewer
- Roof
- Asphalt
- Zoning
- Residential
- Water
- Public
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Copyright 2026 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, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated .