46 Summer Street | Active
5 Unit Multifamily Property
46 Summer Street Rutland VT 05701
Immaculate, renovated, 100% occupied, high cash-flow 5-unit multi-family, priced to sell at an “as is” 11% cap.
The building has been professionally managed, fully renovated, and 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 - allowing the discerning buyer to realize significant returns from cash flow and not 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 is rarely vacant.
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, combined with rapidly falling rates, 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.