Listing courtesy of Mike Kalil, Watson Realty & Associates Phone: 802-773-3500
120 State Street, Rutland City, VT, 05701
0 beds
20 Full baths
1975
Multi-Family
2,000 sqft
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.
Status:
Pending
Type:
Multi-family
Units:
20
Zoning:
Residential
Frontage:
44
Heating:
Oil
Cooling:
None
Basement:
Full
Acreage:
0.15
Est. Taxes:
$4,215
Lot Description:
City Lot
MLS #:
5038540