Bought with Mike Kalil • Watson Realty & Associates
$1,140,000
$1,360,000
16.2%For more information regarding the value of a property, please contact us for a free consultation.
120 State ST Rutland City, VT 05701
2,000 SqFt
Key Details
Sold Price $1,140,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $570
MLS Listing ID 5038540
Sold Date 06/17/25
Construction Status Existing
Year Built 1975
Annual Tax Amount $4,215
Tax Year 2024
Lot Size 6,534 Sqft
Acres 0.15
Property Description
Great opportunity for investors, A package of 20 rental units , Consists of 8 multifamily buildings, all in Rutland City in close proximity to each other,All units will be transferred with certificates of occupancies, Great rental history, This property produces over $334,380 in gross rent in total revenues, The net cap rate is over 15% , The net income is over $214k per year, Not including management fee or vacancy rates, and this numbers are pro-fourma, assuming all units are rented. The current owner has 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.
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning Residential
Rooms
Basement Entrance Interior
Basement Full
Interior
Cooling None
Exterior
Utilities Available Cable
Roof Type Slate
Building
Story 2
Foundation Brick, Stone
Sewer Public
Architectural Style Multi-Family
Construction Status Existing
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