Woodstock Ave

0 Bedroom Condo has been listed for rent at 15 Woodstock Ave in Rutland for $1,200. Chat with a local expert, book a tour.

Rutland

15 Woodstock Ave

15 Woodstock Ave, For Rent in Rutland - eXp Commercial Brokerage

Updated Studio apartment with new kitchen and bathroom! Includes heat, hot water, trash removal, snow removal, landscaping. Located on Woodstock Avenue: walking distance to just about everything you could ever need, get to Killington in just minutes.

Opportunity to purchase a high cash flow 6 unit turnkey building in the heart of Rutland at an impressive 11% cap (13% cap at proforma market rents). The building has been professionally managed, fully renovated, and a new owner can step into to this turnkey investment, projected to yield over a 20% cash on cash return during the hold period based on current numbers, with significant upside at sale. With a gross potential income upwards of $80K, 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. Situated on a street with ample parking and outdoor space for residents to enjoy, the property rents quick when there is a rare vacancy. The building has undergone weatherization and energy efficiency work resulting in lower heating season bills than your average multifamily. 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 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.

15 Woodstock Ave, Rutland, VT

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