List Price: $1,360,000 | $680 per sq.ft. Multi Family A 20 Unit Multi Family Home
With 3 One Bedroom Units , 8 - Two Bedroom Units ,11 - Three Bedroom Units
Date Listed Wednesday Apr 30, 2025 | MLS# 5038540



Address: 120 State Street Rutland City VT
Listed by Mike Kalil Watson Realty & Associates
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.
Annual Expenses

Taxes: $4,215
Income

Construction: Wood Frame | Wood Exterior
Year Built: 1975
Style: Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 2000
Above Grade Sq.Ft.: 2000
Basement: Full
Foundation: Brick | Stone
Roof: Slate
Seasonal: No
Heating: Oil
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable
Electric Meters:
Water: Public
Sewer: Public
Land Information
City Lot
Lot size: 0.15 acres
Zoned: Residential)
Surveyed: No
Flood Zone: No
Road Frontage: 44
Driveway: Gravel
Additional Information
Taxes $4,215
Assesed Value Not Reported
Schools

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