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16 Campbell Rd
Rutland, VT 05701
Highland Meadows · Multifamily Property For Sale
·
32 Units
PROPERTY FACTS
| No. Units | 32 | Lot Size | 2.72 AC |
| Property Type | Multifamily | Building Size | 34,120 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1988 |
| Building Class | C | Parking Ratio | 0.73/1,000 SF |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.72 AC |
| Building Size | 34,120 SF |
| No. Stories | 2 |
| Year Built | 1988 |
| Parking Ratio | 0.73/1,000 SF |
ABOUT 16 CAMPBELL RD , RUTLAND, VT 05701
Highland Meadows, a 2019 renovated, market-rent 32 unit apartment complex (30 2BR/2BA & 2 1BR/1BA) located just east of the Otter Creek overlooking the City of Rutland. Boasting new or updated high-efficiency windows, doors, siding, trim, flooring, cabinets, appliances, tanks & Heating systems. Convenient to downtown, yet nestled in a quiet residential country setting, Highland Meadows allows for a fully renovated and stabilized investment with an outstanding CAP Rate and no additional CapEx expenses for years. Recently converted back to Market-Rent units, Highland Meadows has strong historical occupancy since built in 1988. This development is professionally managed and provides an out sized cash-on-cash return for passive or active investors. Opportunity Zone allows for possible significant tax advantages.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 32 | - | - |
PROPERTY TAXES
| Parcel Number | 540-170-14087 | Improvements Assessment | $3,059,200 |
| Land Assessment | $80,800 | Total Assessment | $3,140,000 |
PROPERTY TAXES
