Ignite FB Tracking Pixel126 State Street, Rutland City, VT 05701 - Theresa Grella
Exp Realty
Real estate listing preview #1Real estate listing preview #2Real estate listing preview #3Real estate listing preview #4Real estate listing preview #5Real estate listing preview #6Real estate listing preview #7Real estate listing preview #8
listing
1 of 8
Listed by: NuoFei Liao from Watson Realty & Associates, 802-773-3500
Multi-FamilyFor Sale
$1,904,000
126 State Street
Rutland City, VT 05701
MLS: Prime MLS
2,000Sq Ft
Est. Mortgage
$9,928/mo

Great opportunity for investors, A package of 28 rental units , Consists of 12 multifamily buildings, all in Rutland City in close proximity to each other, All units have certificate of occupancies, Great rental history, This property produces over $503k in gross rent, The net cap rate is over 17.72% , The net income is over $337k per year, Not including management fee or vacancy rates, The current owner have owned them for years and is retiring. Profits have proven to be consistent and growing every year, Constant upgrade repairs have been made to all systems I.e Heating, Water to optimize efficiency.

Get in touch
Information courtesy of Watson Realty & Associates is subject to verification and is not guaranteed.
Community / School Information