 603-643-3942
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$1,360,000 | $680 per sq.ft. | MLS# 5038540
A
20
Unit Multi Family Home, 120 State Street Rutland City VT
With 3 - One Bedroom Units | 8 - Two Bedroom Units | 11 - Three Bedroom Units |
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| 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. |
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Annual Expenses
Taxes: $4,215 |
Income |
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| FEATURES AND DETAILS |
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CONSTRUCTION: Wood Frame | Wood Exterior | Price Per SQ.FT. 680.00 | Year Built: 1975 |
LAND DESCRIPTION:
LOT DESCRIPTION: City Lot |
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ADDITIONAL INFORMATION
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SCHOOLS
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15 Buck Rd. Hanover, NH 03755 603-643-3942 Big Green Real Estate is not affiliated with nor officially sanctioned by Dartmouth College |
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Data last updated April 30th, 2025 |
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