129 Curtis Avenue

Rutland, VT 05701

$525,000
Price
11
Beds
6
Baths
4,600 Sq. Ft.
$114 / Sq. Ft.
4,600
Sq. Ft.
$114
per Sq. Ft.

Description

Immaculate 6plex located a desirable quaint residential Rutland neighborhood. This rarely vacant building has 5x2br and 1x1br, a net operating income north of $60K, and is being listed at a ~11.5% cap rate based on current numbers. Units has been renovated and building has undergone weatherization resulting in lower-than-average annual heating bills. A new owner can step into to this turnkey investment, projected to yield over a 17% cash on cash return starting year 1 based on current numbers to...Immaculate 6plex located a desirable quaint residential Rutland neighborhood. This rarely vacant building has 5x2br and 1x1br, a net operating income north of $60K, and is being listed at a ~11.5% cap rate based on current numbers. Units has been renovated and building has undergone weatherization resulting in lower-than-average annual heating bills. A new owner can step into to this turnkey investment, projected to yield over a 17% cash on cash return starting year 1 based on current numbers to realize significant returns from cash-flow vs speculation. Rents can be brought to market to achieve close to 20% cash on cash return by year 2. One unit has been left open for showings or immediate owner occupancy, but the building has traditionally been 100% occupied. 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, combined with rapidly falling rates, 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.
  1. Listed by Michael Gilman • 3GEN Real Estate Inc

Property Details for 129 Curtis Avenue

Zoning
MR-1
LISTING UPDATED: 11/13/2024 10:32 PM

Property Details for 129 Curtis Avenue

StatusActive
MLS #5021984
Days on Market3
Taxes$7,592 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1969
Lot Size0.36 AC / 15,681 SF
CountyRutland County

Building Information for 129 Curtis Avenue

Stories2Residences6Year Built1969Building Size-Lot Size0.36 AC / 15,681 SF

Property Information for 129 Curtis Avenue

Summary
Location and General Information
  • City: Rutland City
  • County: VT-Rutland
  • Latitude: 43.593816000000999
  • Longitude: -72.957266000000004
  • Road Frontage: Yes
  • Seasonal: Unknown
  • State: VT
  • Street Designation: Avenue
  • Zip Code: 05701
Taxes and HOA Information
  • SPAN Number: 54017017866
  • Tax Year: 2023
  • Taxes TBD: No
Parking
  • Garage: No
  • Driveway: Paved
Property
Lot Information
  • Lot - Sqft: 15682.0
  • Lot Features: Sidewalks
  • Lot Size Acres: 0.36
  • Road Frontage Length: 100.0
  • Square Feet Apx Finished Above Grade: 4600.0
  • Square Feet Apx Finished AG Source: Appraiser
  • Square Feet Apx Finished Below Grade: 0.0
  • Square Feet Apx Total: 4600.0
  • Square Feet Apx Total Finished: 4600.0
  • Square Feet Apx Unfinished Above Grade: 0.0
  • Square Feet Apx Unfinished Below Grade: 0.0
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: No
  • Foundation: Concrete
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1969
Utilities
  • Electric: 100 Amp
  • Sewer: Public
  • Water Source: Public
  • Utilities: Cable
  • Internet: Internet - Cable
Interior and Exterior Features
Exterior Features
  • Construction Materials: Masonry, Wood Frame, Vinyl Siding
  • Roads: Paved
  • Roof: Shingle - Asphalt
Interior Features
  • Basement: No
  • Heat Fuel: Oil
  • Heating: Baseboard
  • Cooling: None
  • Total Stories: 2.5
Multi Family
Multi-Family Information
  • Total Units: 6
  • Total 1 BR Units: 1
  • Total 2 BR Units: 5
  • Total 3+ BR Units: 0
Unit Information
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 1
Unit 2
  • Unit 2 Baths: 1
  • Unit 2 Bedrooms: 2
Unit 3
  • Unit 3 Baths: 1
  • Unit 3 Bedrooms: 2
Unit 4
  • Unit 4 Baths: 1
  • Unit 4 Bedrooms: 2
Unit 5
  • Unit 5 Baths: 1
  • Unit 5 Bedrooms: 2
Unit 6
  • Unit 6 Baths: 1
  • Unit 6 Bedrooms: 2

Property History for 129 Curtis Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 129 Curtis Avenue

Taxable ValueLand$74,600Additions$138,400Total$213,000
Home Facts
Lot Size15,682 SqFtStyleMulti-Family Res (5+ Units)CountyRUTLANDAPN(170) 17866

Schools near 129 Curtis Avenue

This home is within Rutland City School District.
Rating
School
Type
Grades
Distance
Rutland Intermediate School
Public - 3 to 6
Rutland Middle School
Public - 7 to 8
Rutland Senior High School
Public - 9 to 12
Rutland Northeast Primary School
Public - PK to 2
Rating
School
Distance
Rutland Intermediate School
Public3 to 6

Rutland Middle School
Public7 to 8

Rutland Senior High School
Public9 to 12

Rutland Northeast Primary School
PublicPK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 129 Curtis Avenue, Rutland, VT 05701

129 Curtis Avenue is a multi-family home for sale in Rutland, VT 05701. This property was listed for sale on November 13, 2024 by 3GEN Real Estate Inc, it's currently listed at $525,000. It has been on the market for a total of 3 days and was last sold on January 3, 2003. This listing's school district is Rutland City School District. Nearby schools include Rutland Intermediate School, Rutland Middle School and Rutland Senior High School. 129 Curtis Avenue is a 11-bed, 6-bath, 4,600 sqft multi-family home built in 1969.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of 3GEN Real Estate Inc

Copyright 2024 PrimeMLS, Inc. 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 11/17/2024 02:41 PM