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Listed by Hughes Group Team of Casella Real Estate
Here is an investment opportunity with this well-maintained multi-family property, featuring five rental units and a solid cap rate of 10%. This property includes three two-bedroom apartments, a comfortable one-bedroom unit, and a cozy efficiency, offering a balanced mix of layouts to attract a wide variety of tenants. All apartments benefit from included amenities that simplify the rental experience, with heat, trash removal, snow removal, and lawn care covered in the rent. Tenants pay their own electric bills, aside from Apartment C. The property also has a large off-street parking area, providing convenient and ample parking for all residents. Ideally located within walking distance of essential amenities, this property allows tenants to enjoy easy access to local stores, restaurants, and a laundromat. With these appealing features, the property is consistently occupied and benefits from strong rental demand in the area. Whether you're expanding an existing portfolio or entering the multifamily market, this property is positioned to provide reliable returns in a thriving rental market.

More Info

Tax Information

  • Tax Year2025

Building

  • Year Built1885
  • Building ConstructionWood Frame
  • Units5
  • Unit 1 Bath1
  • Unit 1 Bedrooms2
  • Unit 2 Bath1
  • Unit 2 Bedrooms2
  • Unit 3 Bath1
  • Unit 3 Bedrooms1
  • Unit 3 Styleefficiency
  • Unit 4 Bath1
  • Unit 5 Baths1
  • Unit 5 Bedrooms1
  • # of 1 Bedrooms2
  • # of 2 Bedrooms3
  • Bathroom5
  • Total Baths5
  • BasementUnfinished
  • FoundationStone

Basic Information

  • StatusACT
  • List Price$319,900
  • Date Price Change11/14/2024
  • MLS Number5022191
  • MLS StatusActive

Property

  • Acreage0.37
  • GarageNo
  • Parking Spaces
  • Lot DescriptionLevel
  • Square Feet3,220
  • APX Fin AG Sqft3,220
  • AreaVT-Rutland

Amenities

  • PricePerSqFt99.35

Location

  • TownFair Haven
  • StateVT
  • Zip05743
  • CountyRutland
  • Zoningunknown
  • Address9 River Street
  • Flood Zone Y/NUnknown

Exterior

  • RoofMembrane

Utilities

  • Heat SystemOil, Baseboard
  • ElectricCircuit Breaker(s)
  • SewerPublic
  • UtilitiesTelephone Available

Other

  • Taxes$4,855.16
  • Seasonal Y/NNo
  • Operating Expenses21232
  • Date Listed11/14/2024
  • Unit 1 Deposit$1,000
  • Unit 2 Rent Amount$900
  • Unit 3 Rent Amount$650
  • Unit 4 Rent amount$1,000
  • Unit 5 Rent amount$900

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Copyright 2024 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 December 1, 2024 11:53 AM EST

 

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