Listing courtesy of Mike Kalil, Watson Realty & Associates Phone: 802-773-3500
164 + 164.5 State Street, Rutland City, VT, 05701
16 beds
4 Full baths
1900
Multi-Family
5,000 sqft
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 .
Status:
Pending
Type:
Multi-family
Units:
4
Zoning:
Residential
Frontage:
85
Heating:
Baseboard
Cooling:
None
Basement:
Full, Unfinished
Acreage:
0.27
Est. Taxes:
$7,807
Lot Description:
City Lot
MLS #:
5033032