Listing courtesy of Betsy Adamovich, Real Broker LLC Phone: 802-613-0729
166 State Street, Rutland City, VT, 05701
5 beds
1910
Multi-Family
2,700 sqft
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!
Status:
Pending
Type:
Multi-family
Units:
5
Zoning:
industrial
Heating:
Baseboard
Cooling:
None
Basement:
Partially Finished
Acreage:
0.21
Est. Taxes:
$5,412
Lot Description:
City Lot,Sidewalks,In Town,Near Shopping,Near Skiing,Near Public Transportatn,Near Hospital,Near School(s)
MLS #:
5036190