1. Vermont
2. Rutland City
3. 38 Cottage Street

38 Cottage Street, Rutland City, VT 05701

Property Description

This listing courtesy of Michael Gilman, 3GEN Real Estate Inc

Well maintained 100% occupied 7 unit located in central Rutland neighborhood, priced below comparables and recent sales! This 7 unit property was recently renovated and is being listed at a ~12% cap and an annual Net Operating Income of ~$58K (~13% cap without management fees). A new owner can step into to this turnkey investment and enjoy extraordinary cash on cash returns based on current numbers and financing rates, and therefor realize significant returns from cash-flow vs speculation. This is an ideal building to let you capitalize on falling rates and the return of 100% bonus depreciation In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a turnkey 7plex ahead of the historic multibillion dollar development occurring nearby at Killington, which is already resulting in organic property appreciation and increased interest in the area from investors. Please call or email broker directly for up to date Offering Memo for this property, and a video tour is also available. 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.

Listing Status:

Active

Date Added:

April 23, 2025 at 05:00AM

Listing Office:

3GEN Real Estate Inc : 802-227-7327

Listing Agent:

Michael Gilman : 802-227-7327

MLS ID:

5037586

Interior

• Basement: Unfinished
• A/C: None
• Heating: Oil

Exterior

Construction

Location

Lot

Utilities

This listing courtesy of Michael Gilman, 3GEN Real Estate Inc