4 apartment properties in Rutland County, Vermont containing 37 apartments. Properties include: 45 & 45 1/2 Pleasant Street, Rutland with 13 apartment units, 49 Williams Street, Rutland with 6 apartment units, Mill River Apartments in N. Clarendon, VT with 10 apartment units and 90 Barnes Street, West Rutland with 8 apartment units. Cash flowing, stabilized properties rented at below market rates. Current market rents provide a NOI of $292,000 and a $3,150,000 value at a 9.25% cap rate.