37 Killington Avenue

Rutland VT 05701

7516 sq. ft.

14375 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

Exceptional 13.37% Cap Rate at asking! Prime Multi-Family Investment Opportunity in Rutland City. Your next investment opportunity is here! This well-maintained 8-unit multifamily property features a desirable and diversified unit mix of six (6) 2-bedroom, 1-bath units and two (2) studio apartments. The building has been thoughtfully cared for and is supported by many long-term tenants, contributing to stabilized occupancy and reliable performance. Generating $113,880 in gross annual income, the property is located within walking distance to downtown Rutland, benefiting from strong rental demand driven by easy access to public transportation, restaurants, retail, and essential services. Investors will appreciate the immediate income in place, along with future upside potential through rent growth, cosmetic improvements, or operational efficiencies. A compelling opportunity for investors seeking a high-yield, income-producing asset in a dependable Vermont rental market, this property offers both stability today and growth potential for the future.

Features

14 bedrooms

8 bathrooms

7516 sq. ft. floor area

14375 sq. ft. lot size

Multi-Family

Property history for 37 Killington Avenue

2022

Sold

$264,000

14 Feb 2022

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Local market activity for 14 bedroom multi families in Rutland

Sold

For Sale

View the listing for inspection times, agent contact details, and more.

Betsy Adamovich

at Real Broker LLC

View listing

Sales:: (619) 566-0008

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