List Price: $499,000 | $78 per sq.ft. Multi Family A 5 Unit Multi Family Home
With 0 One Bedroom Units , 3 - Two Bedroom Units ,2 - Three Bedroom Units
Date Listed Thursday Apr 17, 2025 | MLS# 5036788
With 0 One Bedroom Units , 3 - Two Bedroom Units ,2 - Three Bedroom Units
Date Listed Thursday Apr 17, 2025 | MLS# 5036788
To see this Listing
Address: 49 Terrill Street Rutland City VT
Listed by Hughes Group Team Casella Real Estate
Description:
Don't miss this prime investment opportunity! This well-maintained 5-unit multifamily property offers an impressive 9.8% cap rate and features a desirable unit mix of three 2-bedroom apartments and two spacious 3-bedroom apartments, ensuring strong rental demand. Situated in a convenient location within walking distance to downtown shops and restaurants, the property appeals to both long-term tenants and short-term renters alike. Tenants enjoy plenty of off-street parking, shared coin-operated laundry facilities, and indoor storage units--key amenities that enhance both functionality and value. Currently, utilities are included in the rent for all units except Unit 5, which pays for their own electricity. Units 5 and 6 are already configured to allow tenants to pay their own heat and electric, offering future potential to reduce operating costs and increase net income. Whether you're a seasoned investor or just entering the multifamily space, this is a rare chance to own a high-yielding property in a desirable area. Schedule your private showing today!
Annual Expenses
Taxes: $6,125
Taxes: $6,125
Income
Gross Income | $75,600
NetIncome | $49,255
Gross Income | $75,600
NetIncome | $49,255
Appliances : Water Heater – Electric | Water Heater–Gas–LP/Bttle
UNIT 1 INFORMATION
Beds: 2
Baths: 1
Rooms: 4
Level: 1
Info : Appliances Included,Electric,Heat Included
Rent : 1125.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
UNIT 2 INFORMATION
Beds: 3
Baths: 1
Rooms: 5
Level: 2
Info : Appliances Included,Electric,Heat Included
Rent : 1350.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
UNIT 3 INFORMATION
Beds: 2
Baths: 1
Rooms: 4
Level: 2
Info : Appliances Included,Electric,Heat Included
Rent : 1150.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 4 INFORMATION
Beds: 2
Baths: 2
Rooms: 4
Level: 1 and 2
Rent : 1700.00 Monthly
Status : Vacant
UNIT 5 INFORMATION
Beds: 3
Baths: 1
Rooms: 5
Level: 1 & 2
Info : Appliances Included,Heat Included
Tenant Pays : Electric
Rent : 975.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Construction: Wood Frame | Cedar Exterior | Vinyl Exterior
Year Built: 1910
Style: Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 7254
Above Grade Sq.Ft.: 6390
Basement: Concrete | Partial | Unfinished
Foundation: Concrete | Slab w/ Frost Wall
Year Built: 1910
Style: Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 7254
Above Grade Sq.Ft.: 6390
Basement: Concrete | Partial | Unfinished
Foundation: Concrete | Slab w/ Frost Wall
Roof: Metal
Garage And Parking: Assigned | Off Street | Other | Parking Spaces 6+
Seasonal: No
Garage And Parking: Assigned | Off Street | Other | Parking Spaces 6+
Seasonal: No
Heating: Propane | Baseboard | Hot Water
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Telephone Available
Electric Meters:
Water: Public
Sewer: Public
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Telephone Available
Electric Meters:
Water: Public
Sewer: Public
Land Information
City Lot | Level
Lot size: 0.64 acres
Zoned: unknown)
Surveyed: Unk
Flood Zone: Unknown
Road Frontage: 100
Driveway: Gravel
City Lot | Level
Lot size: 0.64 acres
Zoned: unknown)
Surveyed: Unk
Flood Zone: Unknown
Road Frontage: 100
Driveway: Gravel
Additional Information
Taxes $6,125
Assesed Value Not Reported
Taxes $6,125
Assesed Value Not Reported
Schools
