35 Evergreen Street

Rutland City, VT 05701

Great opportunity for investors, A package of 88 rental units , Consists of 25 multifamily buildings, all in Rutland City in close proximity to each other, All units have certificate of occupancies, Great rental history, This property produces over $1,300,000 in gross rent, The net cap rate is over 14% , The net income is over $900,000 per year, Not including management fee or vacancy rates, The current owner have owned them for years and is retiring. Profits have proven to be consistent and growing every year, Constant upgrade repairs have been made to all systems I.e Heating, Water to optimize efficiency .

Listing courtesy of Mike Kalil of Watson Realty & Associates



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Last checked: 2025-01-31 07:46 AM UTC