Multi-Family for Sale: 46 Summer Street, Rutland City, VT 05701 SOLD

5 beds
5 full baths
2,936 sqft
$385,000
$385,000
46 Summer Street, Rutland City, VT 05701 SOLD
5 beds
5 full baths
2,936 sqft
$385,000
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Selling Price: $385,000
Original List Price: $435,000
Sold at 88.5% of list price
Sold Date: 01/24/2025

Type Multi-Family
Style Colonial
Beds 5
Baths 5 full baths
Square Feet 2,936 sqft
Lot Size 0.17 acres
Year Built 1884

City Rutland City
County Rutland

MLS 5013866
Status Closed
DOM 56 days
Immaculate, renovated, 100% occupied, high cash-flow 5-unit multi-family, priced to sell at an “as is” at a 12% cap. The building has been professionally managed with no deferred maintenance and is in mint condition. A new owner can step into to this turnkey investment, projected to yield over a 17% cash on cash return starting year 1 based on current numbers. This allows a new owner to realize significant returns from cash-flow vs speculation. With a Net Operating Income of $50K, this fully occupied property has a diverse unit mix of studios, 1br and 2br apartments - allowing it to appeal to a broad range of residents, and the property is rarely vacant. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire real estate ahead of the historic multibillion dollar development occurring nearby at Killington, which, combined with rapidly falling rates, is already resulting in organic property appreciation and increased interest in the area from investors. Reach out directly for walkthrough videos. The property is available as a package with other buildings across VT for a buyer looking for a larger high cash flow turnkey multifamily portfolio. Listing Broker is a member of the LLC selling the property

Lot & Building Features

Utilities Cable
Construction Wood Frame
Cooling None
Heating Baseboard, Oil
Sewer Public
Tax Year 24
Water Public
Basement Description Unfinished
Foundation Stone
Lot Description City Lot
Roof Shingle - Asphalt
Garage No

Unit Features

Unit 1 Baths 1
Unit 1 Bedrooms 1
Unit 2 Baths 1
Unit 2 Bedrooms 0
Unit 3 Baths 1
Unit 3 Bedrooms 1
Unit 4 Baths 1
Unit 4 Bedrooms 2
Unit 5 Baths 1
Unit 5 Bedrooms 1

Price History of 46 Summer Street, Rutland City, VT

Date Name Price Difference
10/17/2024 Price Adjustment $385,000 11.49%
09/11/2024 Listing Price $435,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 46 Summer Street, Rutland City, VT

Location Map Street View
Photo of Deb Zeman
Direct: 603-438-7654
Office
PO Box 101
Merrimack, NH 03054
603-787-3155
Listed by 3GEN Real Estate Inc, Michael Gilman
Sold by , A non PrimeMLS member
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6.75%
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Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: 3GEN Real Estate Inc

Copyright 2025 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 02/16/2025