195 State Street

Closed 12/24/20
Closed 12/24/20
Gallery Image 1
Sold
Last Sold Price
$123,000
4 beds2,798 sqft$44/sqft
195 State St, Rutland, VT 05701
Multi FamilyProperty Type
5,227 sq ftLot Size
1890Year Built
$44/sq ftPrice per sq ft
2 carsParking Spaces

Description

Here is a 3 unit investment property that produces a great cap rate of just over 14 percent. Upstairs consists of 2 one bedroom units, one of which has an additional small room that would make a perfect office. Off of the back unit is an enclosed 3 season porch with a second form of egress that was rebuilt approximately 4 years ago. Downstairs is a spacious 2 bedroom unit with access to the basement where there is a washer and dryer hook up. Two of the three tenants are long term and have been fabulous!...Here is a 3 unit investment property that produces a great cap rate of just over 14 percent. Upstairs consists of 2 one bedroom units, one of which has an additional small room that would make a perfect office. Off of the back unit is an enclosed 3 season porch with a second form of egress that was rebuilt approximately 4 years ago. Downstairs is a spacious 2 bedroom unit with access to the basement where there is a washer and dryer hook up. Two of the three tenants are long term and have been fabulous! There is a driveway on either side of the property providing plenty of off street parking.

    Sold By Watson Realty & Associates

    • Listed by: Hughes Group Team • Casella Real Estate
    Listing closed: 12/24/2020 12:00 AM • Source: New England Real Estate Network, MLS#: 4815425
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    $1,053 per month

    30 year fixed, 6.71% Interest

    Principal and Interest

    $636

    Property Taxes

    $417

    HOA Dues

    $0

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    Property Information for 195 State Street

    Property Details
    • Taxes: $5,005 / year
    • MLS Type: Multi Family
    • County: Rutland County
    • Zoning: SFR
    Building Information
    • Stories: 2
    • Residences: 3
    • Year Built: 1890
    • Lot Size: 0.12 AC / 5,227 SF
    Summary
    Location and General Information
    • City: Rutland City
    • County: VT-Rutland
    • Directions: From Merchants Row turn onto State St - Property will be on left
    • Latitude: 43.608627999999982
    • Longitude: -72.991480999999965
    • Road Frontage: TBD
    • Seasonal: No
    • State: VT
    • Street Designation: Street
    • Zip: 05701
    Taxes and HOA Information
    • SPAN Number: 540-170-12063
    • Tax - Gross Amount: $5,005.16
    • Tax Year: 2020
    • Taxes TBD: No
    Parking
    • Garage: Yes
    • Garage Capacity: 2.00
    • Driveway: Gravel
    Property
    Lot Information
    • Lot - Sqft: 5227.0
    • Lot Size Acres: 0.12
    • Square Feet Apx Finished Above Grade: 2798.0
    • Square Feet Apx Finished AG Source: Public Records
    • Square Feet Apx Finished Below Grade: 0.0
    • Square Feet Apx Finished BG Source: Public Records
    • Square Feet Apx Total: 4092.0
    • Square Feet Apx Total Finished: 2798.0
    • Square Feet Apx Unfinished Above Grade: 0.0
    • Square Feet Apx Unfinished AG Source: Public Records
    • Square Feet Apx Unfinished Below Grade: 1294.0
    • Square Feet Apx Unfinished BG Source: Public Records
    Property and Assessments
    • Property Class: Multi-Family
    • Flood Zone: No
    • Foundation: Brick, Stone
    • PreConstruction: No
    • Surveyed: Unknown
    • Year Built: 1890
    Utilities
    • Electric: Circuit Breaker(s)
    • Sewer: Public
    • Utilities: Telephone Available
    Interior and Exterior Features
    Exterior Features
    • Roads: Paved, Public
    • Roof: Slate
    Interior Features
    • Basement: Yes
    • Basement Access Type: Interior
    • Basement Description: Unfinished
    • Total Full Baths: 3
    • Flooring: Carpet, Other
    • Heat Fuel: Oil
    • Heating: Baseboard, Hot Water
    • Cooling: None
    • Total Stories: 2
    • Total Water Heaters: 1
    Multi Family
    Income & Expenses Information
    • Gross Income: $28,500.00
    • Net Income: $16,618.00
    • Operating Expense Incl: Heat, Insurance, Other, Snow Removal, Trash, Water/Sewer
    • Operating Expense: $11,882
    Multi-Family Information
    • Total Units: 3
    • Total 1 BR Units: 2
    • Total 2 BR Units: 1
    • Total 3+ BR Units: 0
    • Total Heat Units: 1
    Unit Information
    Unit 1
    • Unit 1 Baths: 1
    • Unit 1 Bedrooms: 2
    • Unit 1 Rental Agremnt: Yes
    • Unit 1 Lease Term: Month to Month
    • Unit 1 Level Number: 1
    • Unit 1 Rental Amt Freq: Monthly
    • Unit 1 Status: Month to Month
    • Unit 1 Rental Amount: $725.00
    • Unit 1 Tenant Pays: Electric
    • Unit 1 Info: Appliances Included, Heat Included
    Unit 2
    • Unit 2 Lease Term: Month to Month
    • Unit 2 Baths: 1
    • Unit 2 Rental Agremnt: Yes
    • Unit 2 Status: Month to Month
    • Unit 2 Level Number: 2
    • Unit 2 Rental Amt Freq: Monthly
    • Unit 2 Bedrooms: 1
    • Unit 2 Rental Amount: $750.00
    • Unit 2 Info: Appliances Included, Electric, Heat Included
    Unit 3
    • Unit 3 Lease Term: Month to Month
    • Unit 3 Baths: 1
    • Unit 3 Rental Agremnt: Yes
    • Unit 3 Level Number: 2
    • Unit 3 Rental Amt Freq: Monthly
    • Unit 3 Status: Month to Month
    • Unit 3 Bedrooms: 1
    • Unit 3 Rental Amount: $900.00
    • Unit 3 Info: Appliances Included, Heat Included
    • Unit 3 Tenant Pays: Electric

    Property History for 195 State Street

    DateEvent & SourcePriceAppreciation
    Dec 24, 2020

    Sold

    New England Real Estate Network #4815425

    		$123,000—
    Dec 14, 2020

    Pending

    New England Real Estate Network #4815425

    		—
    Jul 7, 2020

    Price Change

    New England Real Estate Network #4815425

    		$135,000—
    DateEvent & SourcePrice
    12/24/2020

    Sold

    New England Real Estate Network #4815425

    $123,000
    12/14/2020

    Pending

    New England Real Estate Network #4815425

    —
    07/07/2020

    Price Change

    New England Real Estate Network #4815425

    $135,000

    For completeness, we often displays two records for one sale: the MLS record and the public record.

    Public Records for 195 State Street

    Taxable ValueLand$40,500Additions$107,600Total$148,100
    Tax Record2025$2,854 ($238 / month)
    Home Facts
    Beds0Lot Size5,227 SqFtStyleSingle Family ResidenceCountyRUTLANDAPN(170) 12063

    Schools near 195 State Street

    This home is within Rutland City School District.
    Rating
    School
    Type
    Grades
    Distance
    Rutland Intermediate School
    		Public - 3 to 6
    Rutland Middle School
    		Public - 7 to 8
    Rutland Senior High School
    		Public - 9 to 12
    Stafford Technical Center
    		Public - 9 to 12
    Rating
    School
    Distance
    Rutland Intermediate School
    Public3 to 6

    Rutland Middle School
    Public7 to 8

    Rutland Senior High School
    Public9 to 12

    Stafford Technical Center
    Public9 to 12

    School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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    No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

    Listing Courtesy of Casella Real Estate

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