120 State StreetRutland City, VT 05701MLS Number 5038540

Price: $1,360,000
Est. Mortgage of $/month
13 Days on Market

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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Tax Information

Tax Year2024

Building

Year Built1975
Building ConstructionWood Frame, Wood Exterior
StyleMulti-Family
Units20
# of 1 Bedrooms3
# of 2 Bedrooms8
# of 3+ Bedrooms11
Bathroom20
Total Baths20
BasementFull
FoundationBrick, Stone

Amenities

PricePerSqFt680

Basic Information

StatusPEN
List Price$1,360,000
Date Price Change04/30/2025
MLS Number5038540
MLS StatusPending

Property

Acreage0.15
GarageNo
Parking Spaces
Lot DescriptionCity Lot
Square Feet2,000
APX Fin AG Sqft2,000
Road Frontage44
RoadsPublic
AreaVT-Rutland

Location

TownRutland City
StateVT
Zip05701
CountyRutland
ZoningResidential
Address120 State Street
Flood Zone Y/NNo

Exterior

RoofSlate

Utilities

Heat SystemOil
WaterPublic
ElectricCircuit Breaker(s)
SewerPublic
UtilitiesCable

Other

Taxes$4,215
Seasonal Y/NNo
Date Listed04/30/2025

Copyright 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated May 13, 2025 9:54 AM EDT

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120 State StreetRutland City, VT 05701MLS Number 5038540

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120 State StreetRutland City, VT 05701MLS Number 5038540

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