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603-643-3942
5 Old Nugget Alley
Hanover, NH 03755


$1,275,000

MLS# 5030340
5000 sq.ft. Bedroom | 0 Bathroom
Multi Family
997 Us Route 4 E Rutland Town VT
 
$1,275,000 | $255 per sq.ft. | MLS# 5030340 A 5  Unit Multi Family Home, 997 Us Route 4 E Rutland Town VT With 3 - One Bedroom Units | 1 - Two Bedroom Units | 1 - Three Bedroom Units

Description:
Net operating income of over $113,000 (see attachment)!  At the list price, the property generates a turnkey cap rate of ~9%.  The owners live out of state and manage the property remotely.  This multi-family consists of five units located on a well-manicured 2-acre parcel in peaceful Rutland Town. Property is equipped with smart locks and security cameras for seamless remote monitoring.  The main house includes two units, unit A with four bedrooms / one bathroom, and unit B with two bedrooms / one bathroom. The units in the duplex in the center of the property feature one bedroom / one bathroom and full kitchens with compact W/D. The cottage features a lofted bed / one bathroom with micro-kitchen. The entire property was renovated / remodeled between 2022 and 2023 with quality materials and workmanship. All units are currently rented under long-term leases by quality tenants that have been fully vetted. The 2-acre property includes a large barn with three bays of storage and ample parking.  Minutes from all the action and upcoming multi-billion-dollar investments in Killington and Pico. Property is being sold fully furnished. PLEASE DO NOT DISTURB TENANTS!
Sale Includes : Furnishings

Annual Expenses
Taxes: $5,606
    Income NetIncome | $

UNIT 1 INFORMATION


Beds: 1
Baths: 1
Rooms: 1
Rent : 1600.00 Monthly
Lease Term : Annual
Status : Leased

UNIT 2 INFORMATION


Beds: 1
Baths: 1
Rooms: 2
Rent : 1750.00 Monthly
Lease Term : Month to Month
Status : Leased

UNIT 3 INFORMATION


Beds: 1
Baths: 1
Rooms: 2
Rent : 1950.00 Monthly
Status : Leased

UNIT 4 INFORMATION


Beds: 4
Baths: 1
Rooms: 5
Rent : 2750.00 Monthly
Status : Leased

UNIT 5 INFORMATION


Beds: 2
Baths: 1
Rooms: 4
Rent : 2500.00 Monthly

FEATURES AND DETAILS

CONSTRUCTION: Insulation-Cellulose | Insulation-FiberglssBatt | Metal | Wood Frame | Price Per SQ.FT. 255.00 | Year Built: 1850
LAND DESCRIPTION: LOT DESCRIPTION: Level | View
Avail.Sq.Ft.: 5
Livable Space: 5000
Above Grade Sq.Ft.: 5000
Below Grade Sq.Ft.: 0
Foundation: Concrete | Stone
Heating: Baseboard | Radiator | Wall Units
Cooling: Wall AC Units | Individual
Electric: On-Site
Style: Other
Roof: Metal
Water: Cistern | Drilled Well
Sewer: Leach Field | Septic
Lot size: 2 acres
Zoned: Mixed
Surveyed: Yes
Flood Zone: No
Seasonal: No
Garage And Parking: Driveway | Parking Spaces 5 - 10 | Unassigned
Driveway: Paved

ADDITIONAL INFORMATION
Taxes $5,606  | Assesed Value $0 in
SCHOOLS
School District: Rutland Town School District
15 Buck Rd. Hanover, NH 03755 603-643-3942

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