Great investment property! This will likely be the best investment in your portfolio. This has an annual income of $51,600 with a net of $45,480 at list price and fully rented. Current rental income is $4,200/month with monthly expenses just over $500 plus your mortgage. You could have a return of around $11,000 annually. This is with a 10% down payment at current rates. Just image when the rates adjust and you refinance! The rented units have great tenants that have shown a good rental history over the years. This building has been very well maintained over the years and now offers low and easy maintenance costs and efforts. If you are looking to add a building to your investment portfolio rent out the larger unit and this building becomes an attractive investment. This property offers a great opportunity for either owner occupancy or as an investment. Connect with your local agent today and request a time to view this property!!
MLS# | 4998793 |
---|---|
Listing Type | For Sale |
Sub-Type | Resale |
Year | 1900 |
Days On Site | 152 |
Listing Provided By | Flex Realty | Flex Realty Group |
Basement | Y |
---|---|
Units | 3 |
Zoning | res |
Acreage | 0.15 |
State | VT |
---|---|
County | VT Rutland |
City | Rutland City |
Zip Code | 05701 |
Listing VS Median (in 05701) | |
Price: $434,000 low | high Med: $299,000 On Site: 152 low | high Med: 45.000000 |