List Price: $279,000 | $103 per sq.ft. Multi Family A 5 Unit Multi Family Home
With 5 One Bedroom Units , 0 - Two Bedroom Units ,0 - Three Bedroom Units
Under Contract Date Listed Monday Apr 14, 2025 | MLS# 5036190



Address: 166 State Street Rutland City VT
Listed by Betsy Adamovich Real Broker LLC
Description:
Investor Opportunity in Rutland City! 166 State Street is a 5-unit multifamily property with a strong rental history and solid numbers. With a gross annual income of $54,000 and expenses currently at $24,552, this property nets $29,448 annually--offering a 10.55% cap rate at the asking price. Rents are currently below market, presenting immediate potential for increased returns. Expenses could also be streamlined for even better performance. Whether you're looking to expand your portfolio or dive into multi-unit investing, this one is well worth a look. Motivated seller--bring your offers and let's make a deal! Operating Expenses : Heat,Insurance,Trash,Water/Sewer
Annual Expenses

Taxes: $5,412
Income
Gross Income | $54,000
NetIncome | $29,448

UNIT 1 INFORMATION

Beds: 1
Baths: 1
Rooms: 0
Tenant Pays : Electric
Rent : 800.00 Monthly
Status : Month to Month

UNIT 2 INFORMATION

Beds: 1
Baths: 1
Rooms: 0
Tenant Pays : Electric
Rent : 800.00 Monthly
Status : Month to Month

UNIT 3 INFORMATION

Beds: 1
Baths: 1
Tenant Pays : Electric
Rent : 1200.00 Monthly
Status : Month to M

UNIT 4 INFORMATION

Beds: 1
Baths: 1
Tenant Pays : Electric
Rent : 900.00 Monthly
Status : Month to Month

UNIT 5 INFORMATION

Beds: 1
Baths: 1
Rooms: 0
Tenant Pays : Electric
Rent : 800.00 Monthly

Construction: Wood Frame
Year Built: 1910
Style: Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 3200
Above Grade Sq.Ft.: 2100
Below Grade Sq.Ft.: 600
Basement: Partially Finished
Foundation: Stone
Roof: Slate
Seasonal: No
Heating: Baseboard
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable - Available | Telephone Available
Electric Meters:
Water: Public
Sewer: Public
Land Information
City Lot | Sidewalks | In Town | Near Shopping | Near Skiing | Near Public Transportatn | Near Hospital | Near School(s)
Lot size: 0.21 acres
Zoned: industrial)
Surveyed: Unk
Flood Zone: Land Onl
Driveway: Gravel
Additional Information
Taxes $5,412
Assesed Value Not Reported
Schools

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