164 + 164.5 State ST Under Contract Save Request In-Person Tour Request Virtual Tour
Rutland City,VT 05701
Key Details
Property Type Multi-Family
Listing Status Under Contract
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $59
MLS Listing ID 5033032
Bedrooms 16
Full Baths 4
Construction Status Existing
Year Built 1900
Annual Tax Amount $7,806
Tax Year 2025
Lot Size 0.270 Acres
Acres 0.27
Property Description
2 multi family homes side be side, each has 2 four bedroom unit, great income generator, all unites were rented to tenants with vouchers through Vermont housing authority, currently one unit is vacant in each building for possible new owner occupancy, this property has two deeds , when all rented the gross yearly income is $47,400 for 164 State and $47,340 for 164.5 State st with a total yearly revenues of $94,740 and a net yearly Income of $66,662 that puts the cap rate over 20% , the expenses do not include management fees or vacancy rate maintenance expense, see attachments documents like tax bill, deeds and income expense numbers .
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning Residential
Rooms
Basement Entrance Interior
Basement Full,Unfinished
Interior
Cooling None
Exterior
Utilities Available Cable,Phone
Roof Type Shingle - Other,Slate
Building
Story 2
Foundation Concrete
Sewer Public
Architectural Style Multi-Family
Construction Status Existing