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.
Closed
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
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#: 5038540

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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