46 Summer Street
$425,000
5
5
2,936
2,936
$145
Under Contract
Description
Immaculate, renovated, 100% occupied, high cash-flow 5-unit multi-family, priced to sell at an “as is” at a 12% cap. The building has been professionally managed with no deferred maintenance and is in mint condition. 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. This allows a new owner to realize significant returns from cash-flow vs speculation. With a Net Operating Income of $50K, this fully occupied...Immaculate, renovated, 100% occupied, high cash-flow 5-unit multi-family, priced to sell at an “as is” at a 12% cap. The building has been professionally managed with no deferred maintenance and is in mint condition. 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. This allows a new owner to realize significant returns from cash-flow vs speculation. With a Net Operating Income of $50K, this fully occupied property has a diverse unit mix of studios, 1br and 2br apartments - allowing it to appeal to a broad range of residents, and the property is rarely vacant. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire real estate 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. Reach out directly for walkthrough videos. 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
- Listed by Michael Gilman • 3GEN Real Estate Inc
Property Details for 46 Summer Street
Zoning
MR-1
LISTING UPDATED: 11/06/2024 11:24 PM
Property Details for 46 Summer Street
Status | Under Contract |
---|---|
MLS # | 5013866 |
Days on Market | 56 |
Taxes | $4,808 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family |
Year Built | 1884 |
Lot Size | 0.17 AC / 7,405 SF |
County | Rutland County |
Building Information for 46 Summer Street
Stories2Residences5Year Built1884Building Size-Lot Size0.17 AC / 7,405 SF
Property Information for 46 Summer Street
Property History for 46 Summer Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 46 Summer Street
Taxable ValueLand$40,700Additions$94,200Total$134,900
Home Facts
Beds0Lot Size7,405 SqFtStyleSingle Family ResidenceCountyRUTLANDAPN(170) 10906
Schools near 46 Summer Street
This home is within Rutland City School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | 3 to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
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 Northwest 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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