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  • Listed by: 

    Mike Kalil,

    Watson Realty & Associates 802-773-3500

    $1,140,000

    120 State Street, Rutland City, VT 05701

    --beds
    --baths
    2,000sqft
    Multi Family
    Built in 1975
    -- sqft lot
    $-- Zestimate®
    $570/sqft
    $2,089 Estimated rent

    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: June 17, 2025 at 11:26am

    Listed by:

    Mike Kalil,

    Watson Realty & Associates 802-773-3500

    Bought with:

    Mike Kalil

    Watson Realty & Associates

    Source: PrimeMLS,MLS#: 5038540MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Full bathrooms: 20
    Heating
    • Oil
    Cooling
    • None
    Features
    • Basement: Full,Interior Entry
    Interior area
    • Total structure area: 2,000
    • Total interior livable area: 2,000 sqft
    • Finished area above ground: 2,000

    Property

    Parking
    • Parking features: Gravel
    Features
    • Levels: Two
    • Frontage length: Road frontage: 44
    Lot
    • Size: 6,534 sqft
    • Features: City Lot
    Details
    • Parcel number: 54017013633
    • Zoning description: Residential

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Wood Exterior
    • Foundation: Brick/Mortar, Stone
    • Roof: Slate
    Condition
    • New construction: No
    • Year built: 1975

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable, Internet - Cable

    Community & neighborhood

    Location
    • Region: Rutland
    Services availability
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