List Price: $279,000 | $103 per sq.ft. Multi Family A 5 Unit Multi Family Home
With 5 One Bedroom Units , 0 - Two Bedroom Units ,0 - Three Bedroom Units
Listed Monday Apr 14, 2025 | MLS# 5036190
With 5 One Bedroom Units , 0 - Two Bedroom Units ,0 - Three Bedroom Units
Listed Monday Apr 14, 2025 | MLS# 5036190
166 State Street Rutland City VT
Listed by Betsy Adamovich Real Broker LLC
Listed by Betsy Adamovich Real Broker LLC
Investor Opportunity in Rutland City! 166 State Street is a 5-unit multifamily property with a strong rental history and solid numbers. With a gross annual income of $54,000 and expenses currently at $24,552, this property nets $29,448 annually--offering a 10.55% cap rate at the asking price. Rents are currently below market, presenting immediate potential for increased returns. Expenses could also be streamlined for even better performance. Whether you're looking to expand your portfolio or dive into multi-unit investing, this one is well worth a look. Motivated seller--bring your offers and let's make a deal!
Operating Expenses : Heat,Insurance,Trash,Water/Sewer
Annual Expenses
Taxes: $5,412
Taxes: $5,412
Income
Gross Income | $54,000
NetIncome | $29,448
Gross Income | $54,000
NetIncome | $29,448
UNIT 1
Beds: 1
Baths: 1
Rooms: 0
Tenant Pays : Electric
Rent : 800.00 Monthly
Status : Month to Month
UNIT 2
Beds: 1
Baths: 1
Rooms: 0
Tenant Pays : Electric
Rent : 800.00 Monthly
Status : Month to Month
UNIT 3
Beds: 1
Baths: 1
Tenant Pays : Electric
Rent : 1200.00 Monthly
Status : Month to M
UNIT 4
Beds: 1
Baths: 1
Tenant Pays : Electric
Rent : 900.00 Monthly
Status : Month to Month
UNIT 5
Beds: 1
Baths: 1
Rooms: 0
Tenant Pays : Electric
Rent : 800.00 Monthly
Construction: Wood Frame
Year Built: 1910
Style: Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 3200
Above Grade Sq.Ft.: 2100
Below Grade Sq.Ft.: 600
Basement: Partially Finished
Foundation: Stone
Year Built: 1910
Style: Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 3200
Above Grade Sq.Ft.: 2100
Below Grade Sq.Ft.: 600
Basement: Partially Finished
Foundation: Stone
Roof: Slate
Seasonal: No
Seasonal: No
Heating: Baseboard
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable - Available | Telephone Available
Electric Meters:
Water: Public
Sewer: Public
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable - Available | Telephone Available
Electric Meters:
Water: Public
Sewer: Public
Land Information
City Lot | Sidewalks | In Town | Near Shopping | Near Skiing | Near Public Transportatn | Near Hospital | Near School(s)
Lot size: 0.21 acres
Zoned: industrial)
Surveyed: Unk
Flood Zone: Land Onl
Driveway: Gravel
City Lot | Sidewalks | In Town | Near Shopping | Near Skiing | Near Public Transportatn | Near Hospital | Near School(s)
Lot size: 0.21 acres
Zoned: industrial)
Surveyed: Unk
Flood Zone: Land Onl
Driveway: Gravel
Taxes $5,412
Assesed Value Not Reported
Schools
PLEASE NOTE: Both New Hampshire and Vermont law require brokers and agents to disclose at the “time of first business meeting, prior to any discussion
of confidential information”, in New Hampshire’s case, and “first reasonable opportunity”, in Vermont’s case, the
nature of the relationships brokers have or may have with customers and clients. Each state requires that a disclosure form be presented to
consumers for their review and acknowledgment at the appropriate time. These forms can be accessed here:
VT: VERMONT REAL ESTATE COMMISSION MANDATORY CONSUMER DISCLOSURE FORM
NH: NEW HAMPSHIRE REAL ESTATE COMMISSION BROKERAGE RELATIONSHIP DISCLOSURE FORM