166 State Street Rutland City VT 05701 Multi Family $279,000

$279,000 | $103 per sq.ft. Under Contract A 5 Unit Multi Family Home, in Rutland City VT With 5 - One Bedroom Units MLS# 5036190

Listed by Betsy Adamovich Real Broker LLC on April 14th 2025
166 State Street Rutland City VT 05701

DESCRIPTION

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!
Gross Income : $54000
Net Income: $

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UNIT 1 INFORMATION Beds: 1 Baths: 1 Rooms: 0 Tenant Pays : Electric Rent : 800.00 Monthly Status : Month to Month	UNIT 2 INFORMATION Beds: 1 Baths: 1 Rooms: 0 Tenant Pays : Electric Rent : 800.00 Monthly Status : Month to Month	UNIT 3 INFORMATION Beds: 1 Baths: 1 Tenant Pays : Electric Rent : 1200.00 Monthly Status : Month to M	UNIT 4 INFORMATION Beds: 1 Baths: 1 Tenant Pays : Electric Rent : 900.00 Monthly Status : Month to Month
UNIT 5 INFORMATION Beds: 1 Baths: 1 Rooms: 0 Tenant Pays : Electric Rent : 800.00 Monthly

CONSTRUCTION

Wood Frame | Year Built: 1910
No. of Floors:2
Total Sq.Ft. Finished: 2700
Above Grade Sq.Ft.: 2100
Below Grade Sq.Ft.: 600
Price Per SQ.FT. 103.33
Basement: Partially Finished
Foundation: Stone
Heating: Baseboard
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable - Available | Telephone Available
Electric Meters:

Style: Multi-Family
Roof: Slate
Water: Public
Sewer: Public
Seasonal: No

LAND LOT INFORMAITION

PROPERTY INFORMATION

Taxes $5,412

AREA INFORMATION

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