List Price: $299,500 | $99 per sq.ft. Multi Family
Price Change! Reduced by $50,500 down 17% on November 7th 2024
A 5 Unit Multi Family Home
With 3 One Bedroom Units , 2 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Monday Jul 22, 2024 | MLS# 5006121



Address: 166 State Street Rutland City VT
Listed by Mike Kalil Watson Realty & Associates
Description:
Great investment opportunity, 5 rental units,3 one bedroom and 2 two bedrooms on a lot with plenty of parking , gross yearly income is $54,000 with potential for more, expenses $ 22418, net yearly income is just over $31K rents are somewhat bellow market value, low expenses this building has been maintained well. Operating Expenses : Heat,Insurance,Maintenance,Other,Snow Removal,Trash,Water/Sewer
Annual Expenses

Taxes: $4,979
Income
Gross Income | $5,400
NetIncome | $31,582

UNIT 1 INFORMATION

Beds: 2
Baths: 1
Rooms: 0
Rent : 800.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Leased

UNIT 2 INFORMATION

Beds: 1
Baths: 1
Rooms: 0
Rent : 800.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Leased

UNIT 3 INFORMATION

Beds: 2
Baths: 1
Rent : 1200.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Leased

UNIT 4 INFORMATION

Beds: 1
Baths: 1
Rent : 900.00 Monthly
Lease Term : Month to Month
Status : Leased

UNIT 5 INFORMATION

Beds: 1
Baths: 1
Rooms: 0
Rent : 800.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes

Construction: Wood Frame
Year Built: 1910
Style: Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 3218
Above Grade Sq.Ft.: 3018
Basement: Apartments | Walkout
Foundation: Marble | Stone
Roof: Slate
Seasonal: No
Heating: Oil | Baseboard | Radiator
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable | Phone
Electric Meters:
Water: Public
Sewer: Public
Land Information
City Lot
Lot size: 0.21 acres
Zoned: Residential)
Surveyed: Unk
Flood Zone: Yes
Roads: Public
Road Frontage: 52
Driveway: Gravel
Additional Information
Taxes $4,979
Assesed Value Not Reported
Schools

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