22
See all 22 photos
Listed by Mike Kalil • Watson Realty & Associates
$400,000
Est. payment /mo
6 Beds
6 Baths
3,900 SqFt
Under Contract
44 Baxter ST Rutland City, VT 05701
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Under Contract
Purchase Type For Sale
Square Footage 3,900 sqft
Price per Sqft $102
MLS Listing ID 5075867
Bedrooms 6
Full Baths 6
Construction Status Existing
Year Built 1915
Annual Tax Amount $4,705
Tax Year 2026
Lot Size 2,613 Sqft
Acres 0.06
Property Description
High-Yield 6-Unit Multifamily | Turnkey | 14%+ Cap Rate,Rutland, Vermont This fully remodeled 6-unit multifamily property in Rutland offers exceptional cash flow with no deferred maintenance and strong in-place income. The building has been extensively updated and is 100% occupied, making it a true turnkey investment. Property Overview 6 total units 5 one-bedroom apartments 1 efficiency unit Mostly updated interiors New vinyl siding & new windows Well-maintained building with no capital needs Financial Performance Gross Annual Income: $81,252 Annual Operating Expenses: $24,841 (Includes taxes, insurance, oil, electric, water/sewer, trash, and Wi-Fi. Does not include management.) Net Operating Income (NOI): $56,411 Cap Rate: 14%+ at asking price Why This Property Stands Out Strong, stable rental income Fully occupied with proven performance Major capital improvements already completed Low operating expenses Ideal for both new and seasoned investors seeking high yield This is a rare opportunity to acquire a cash-flowing, stabilized multifamily asset with an exceptional return profile.
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning Residential
Rooms
Basement Entrance Walk-up
Basement Partially Finished
Interior
Cooling None
Exterior
Utilities Available Phone
Roof Type Asphalt Shingle
Building
Story 2.5
Sewer Public
Architectural Style Multi-Family
Construction Status Existing
NEARBY SCHOOLS & PROPERTIES
GET MORE INFORMATION