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Pending
  • Listed by: 

    Mike Kalil,

    Watson Realty & Associates 802-773-3500

    $1,360,000

    120 State Street, Rutland City, VT 05701

    --beds
    --baths
    2,000sqft
    : 
    Multi Family
    Built in 1975
    -- sqft lot
    $-- Zestimate®
    $680/sqft
    $-- HOA

    What's special

    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.
    4 days
    on Zillow
    |
    78
    |
    4
    |

    Zillow last checked: 7 hours ago

    Listing updated: May 01, 2025 at 05:42am

    Listed by:

    Mike Kalil,

    Watson Realty & Associates 802-773-3500

    Source: PrimeMLS,MLS#: 5038540MLS Logo
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Full bathrooms: 20
    Heating
    • Oil
    Cooling
    • None
    Features
    • Basement: Full,Interior Entry
    Interior area
    • Total structure area: 2,000
    • Total interior livable area: 2,000 sqft
    • Finished area above ground: 2,000

    Property

    Parking
    • Parking features: Gravel
    Features
    • Levels: Two
    • Frontage length: Road frontage: 44
    Lot
    • Size: 6,534 Square Feet
    • Features: City Lot
    Details
    • Parcel number: 54017013633
    • Zoning description: Residential

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Wood Exterior
    • Foundation: Brick/Mortar, Stone
    • Roof: Slate
    Condition
    • New construction: No
    • Year built: 1975

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable, Internet - Cable

    Community & HOA

    Location
    • Region: Rutland

    Financial & listing details

    • Price per square foot: $680/sqft
    • Tax assessed value: $108,800
    • Annual tax amount: $4,215
    • Date on market: 4/30/2025
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