49 Terrill St - Apartments FOR SALE


Rutland, VT 05701
$499,000 USD
802-999-9540
49 Terrill St, Rutland, VT for Sale
$499,000 USD
Apartments - FOR SALE
1/4
null | 9.87% Cap Rate

49 Terrill St
Rutland, VT 05701


HIGHLIGHTS

  • Well-maintained 5-unit multifamily property
  • Situated in a convenient location within walking distance to downtown shops and restaurants.

OVERVIEW

Don’t miss this prime investment opportunity! This well-maintained 5-unit multifamily property offers an impressive 9.8% cap rate and features a desirable unit mix of three 2-bedroom apartments and two spacious 3-bedroom apartments, ensuring strong rental demand. Situated in a convenient location within walking distance to downtown shops and restaurants, the property appeals to both long-term tenants and short-term renters alike. Tenants enjoy plenty of off-street parking, shared coin-operated laundry facilities, and indoor storage units—key amenities that enhance both functionality and value. Currently, utilities are included in the rent for all units except Unit 5, which pays for their own electricity. Units 5 and 6 are already configured to allow tenants to pay their own heat and electric, offering future potential to reduce operating costs and increase net income. Whether you're a seasoned investor or just entering the multifamily space, this is a rare chance to own a high-yielding property in a desirable area. Schedule your private showing today

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/SF

$78 USD /SF

# OF UNITS

5

PRICE/UNIT

$99,800

CAP RATE

9.87%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

-

APN/PARCEL ID

540-170-15902

ASK ABOUT THIS PROPERTY

Elizabeth CasellaCasella Real EstateMore Info
802-999-9540

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Elizabeth CasellaCasella Real EstateMore Info
802-999-9540

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.