List Price: $1,904,000 | $952 per sq.ft. Multi Family A 28 Unit Multi Family Home
With 3 One Bedroom Units , 9 - Two Bedroom Units ,16 - Three Bedroom Units
Listed Monday Feb 10, 2025 | MLS# 5028961
126 State Street Rutland City VT
Listed by Miffy Liao Watson Realty & Associates
Great opportunity for investors, A package of 28 rental units , Consists of 12 multifamily buildings, all in Rutland City in close proximity to each other, All units have certificate of occupancies, Great rental history, This property produces over $503k in gross rent, The net cap rate is over 17.72% , The net income is over $337k per year, Not including management fee or vacancy rates, The current owner have 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.
Annual Expenses

Taxes: $2,265
Income
Construction: Wood Frame | Wood Exterior
Year Built: 1841
Style: Duplex
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 2000
Above Grade Sq.Ft.: 2000
Basement: Full
Foundation: Brick | Stone
Roof: Slate
Seasonal: No
Heating: Oil
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable
Electric Meters:
Water: Public
Sewer: Public
Land Information
City Lot
Lot size: 0.1 acres
Zoned: residential)
Surveyed: No
Flood Zone: No
Road Frontage: 44
Driveway: Gravel


Taxes $2,265
Assesed Value Not Reported
Schools

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