28 units 2 Multifamily Properties Offered at $2,450,000 in Multiple Locations

Great investment opportunity, Well maintained property in Rutland town ( Center Rutland) this property consists of two buildings, Front building with 10units and the back building is 4 units , Total of 14 units all one bedroom apartments, Sits on a large parcel over 1.20 +- Acres , Plenty of parking with a loop drivewayConvenient for tenants, Vinyl siding and vinyl replacement windows, The pro forma Numbers on this property with 100% occupancy is As follows Gross revenues $197,400 A year With expenses just around $60,000 per year, not including management , regular maintenance calls, Vacancy rateAnd debt service, Current CAP Rate Above10.8% theis 14 unites is in Center Rutland 260 business us 4 , Rutland Town being offered at $1,260,000,This property is offered with another 14 unit property in Castleton ($1,260,000) as 28 units package 11 units are occupied currently the other 3 are in transition .Two Heating boilers service the front building and one boiler Services the back building. His property is convenient to the city amenities .