List Price: $348,000 | $111 per sq.ft. Multi Family A 4 Unit Multi Family Home
With 2 One Bedroom Units , 1 - Two Bedroom Units ,1 - Three Bedroom Units
Date Listed Wednesday Mar 13, 2024 | MLS# 4988073
With 2 One Bedroom Units , 1 - Two Bedroom Units ,1 - Three Bedroom Units
Date Listed Wednesday Mar 13, 2024 | MLS# 4988073
162 State Street
To see this Listing
Address: 162 State Street Rutland City VT
Listed by Betsy Adamovich Real Broker LLC
Description:
RUTLAND CITY, VT - This well-maintained four-unit property offers excellent rental history and strong cash flow, making it a smart choice for investors. Positioned on a corner lot, it's conveniently close to public transportation, enhancing tenant appeal. The building features spacious 9-foot ceilings on the first floor and includes energy-efficient minisplit heat pumps in 2 (soon to be 3) of the 4 units. Unit 2 was recently vacated and is receiving a facelift prior to new tenant placement. There is potential for more income provided by a large 2.5-story garage on the property, that was previously rented monthly for storage. As the city pushes for more housing, this huge garage would be a fantastic candidate for an additional unit conversion! The cap rate on this property is 12% at asking price! This investment opportunity combines practicality with profitability in a sought-after location. See it for yourself today! Operating Expenses : Heat,Insurance,Trash,Water/Sewer
Annual Expenses
Taxes: $0
Taxes: $0
Income
Gross Income | $49,200
NetIncome | $37,192
Gross Income | $49,200
NetIncome | $37,192
UNIT 1 INFORMATION
Beds: 3
Baths: 1
Rooms: 0
Level: 1
Info : Appliances Included,CO Detector,Porch,Range - Electric,Smoke Detector
Tenant Pays : Electric,Heat,Hot Water,Internet Service,Trash,TV Service
Rent : 1650.00 Monthly
Status : Leased
UNIT 2 INFORMATION
Beds: 2
Baths: 1
Rooms: 0
Level: 2
Info : Appliances Included,CO Detector,Deck,Range - Electric,Smoke Detector
Tenant Pays : Electric,Heat,Hot Water,Internet Service,Trash,TV Service
Rent : 1250.00 Monthly
Status : Vacant
UNIT 3 INFORMATION
Beds: 1
Baths: 1
Level: 2
Info : Appliances Included,CO Detector,Deck,Range - Electric,Smoke Detector
Tenant Pays : Electric,Heat,Hot Water,Internet Service,Trash,TV Service
Rent : 950.00 Monthly
Status : Leased
UNIT 4 INFORMATION
Beds: 1
Baths: 1
Level: 3
Info : Appliances Included,CO Detector,Deck,Range - Electric,Smoke Detector
Tenant Pays : Electric,Heat,Hot Water,Internet Service,Trash,TV Service
Rent : 850.00 Monthly
Status : Leased
Construction: Wood Frame
Year Built: 1890
Style: Multi-Family | Victorian
Floors | Stories: 3
No. Elevators:
Total Sq.Ft. Finished: 5260
Above Grade Sq.Ft.: 3139
Basement: Concrete Floor | Full | No Tenant Access | Unfinished
Foundation: Stone
Year Built: 1890
Style: Multi-Family | Victorian
Floors | Stories: 3
No. Elevators:
Total Sq.Ft. Finished: 5260
Above Grade Sq.Ft.: 3139
Basement: Concrete Floor | Full | No Tenant Access | Unfinished
Foundation: Stone
Roof: Shingle
Garage And Parking: Driveway | Garage
Seasonal: No
Garage And Parking: Driveway | Garage
Seasonal: No
Heating: Propane | Oil | Electric | Forced Air | Gas Heater | Wall Units | Mini Split
Cooling: Mini Split
Electric: Circuit Breaker(s)
Utilities: Cable - Available | Gas - LP/Bottle | Telephone Available
Electric Meters:
Water: Public
Sewer: Public
Cooling: Mini Split
Electric: Circuit Breaker(s)
Utilities: Cable - Available | Gas - LP/Bottle | Telephone Available
Electric Meters:
Water: Public
Sewer: Public
Land Information
City Lot | Corner | Level | Sidewalks
Lot size: 0.17 acres
Zoned: NB)
Surveyed: Unk
Flood Zone: Unknown
Roads: Paved | Public
Driveway: Gravel
City Lot | Corner | Level | Sidewalks
Lot size: 0.17 acres
Zoned: NB)
Surveyed: Unk
Flood Zone: Unknown
Roads: Paved | Public
Driveway: Gravel
Additional Information
Taxes $0
Assesed Value Not Reported
Taxes $0
Assesed Value Not Reported
Schools
