Well maintained oversized 4plex located a desirable quaint residential Rutland neighborhood. This 100% occupied building has 1x3br 2x2br and 1x1br, a net operating income north of $34,000 and is being listed at north of a 10.5% cap rate based on current numbers. High rental demand and property has a waitlist. A new owner can step into to this turnkey investment, projected to yield over a 14% cash on cash return (75% financing assumed but some banks will go north of 90%) starting year 1 based on current numbers to realize significant returns from cash-flow vs speculation. There is significant value-ad as rents can be brought to market to achieve closer to a 20% cash on cash return. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 4plex ahead of the historic multibillion dollar development occurring nearby at Killington, is already resulting in organic property appreciation and increased interest in the area from investors. 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
UtilitiesCable
ConstructionVinyl Exterior
CoolingNone
HeatingOil
SewerPublic
Tax Year2025
Taxes Paid$7,705
WaterPublic
Basement DescriptionUnfinished
FoundationSlab - Concrete
Lot DescriptionCorner
RoofShingle - Asphalt
GarageNo
Unit Features
Unit 1 Apx Sqft1180
Unit 1 Baths1
Unit 1 Bedrooms3
Unit 2 Apx Sqft920
Unit 2 Baths1
Unit 2 Bedrooms2
Unit 3 Apx Sqft1102
Unit 3 Baths1
Unit 3 Bedrooms2
Unit 4 Apx Sqft830
Unit 4 Baths1
Unit 4 Bedrooms1
Price History of 48 Forest Street, Rutland City, VT
Date
Name
Price
Difference
01/24/2025
Listing Price
$325,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
48 Forest Street (MLS #5027605) is a multi-family listing located in Rutland City, VT.
This multi-family listing is 4,032 sqft and on a lot of 3,049 sqft (or 0.07 acres) and is 125 years old. This property was listed on 01/24/2025 and has been priced for sale at $325,000.
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.
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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 01/30/2025