159 State Street
159 State Street
Rutland, VT 05701
$345,000
Price
7
Beds
4
Baths
2,688 Sq. Ft.
$128 / Sq. Ft.
2,688
Sq. Ft.
$128
per Sq. Ft.
Description
RUTLAND CITY, VT - Offering a fantastic investment opportunity at this centrally located property featuring a total of 4 units. Comprising 3 two-bedroom units and 1 one-bedroom unit, this multifamily residence offers a diverse mix to accommodate various tenant needs. All units are currently rented, ensuring a consistent cash flow. This property stands out for its success in generating good income, reflecting its appeal to tenants. Don't miss out on this great opportunity that combines convenience...RUTLAND CITY, VT - Offering a fantastic investment opportunity at this centrally located property featuring a total of 4 units. Comprising 3 two-bedroom units and 1 one-bedroom unit, this multifamily residence offers a diverse mix to accommodate various tenant needs. All units are currently rented, ensuring a consistent cash flow. This property stands out for its success in generating good income, reflecting its appeal to tenants. Don't miss out on this great opportunity that combines convenience with financial success. At listing price, this property has a cap rate over 10%! 4 other buildings in the same investment portfolio are also currently listed for sale. Please inquire for information on additional buildings. Owner will not consider creative financing.
- Listed by Betsy Adamovich • Real Broker LLC
Property Details for 159 State Street
Parking
Driveway
Zoninggateway business district
Location
Listing Courtesy of Real Broker LLC
Add your commute
LISTING UPDATED: 03/30/2024 12:30 PM
Property Details for 159 State Street
| Status | Active |
|---|---|
| MLS # | 4988212 |
| Days on Market | 47 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1890 |
| Lot Size | 0.15 AC / 6,534 SF |
| County | Rutland County |
Location
Listing Courtesy of Real Broker LLC
Add your commute
Building Information for 159 State Street
Stories2Residences4Year Built1890Building Size-Lot Size0.15 AC / 6,534 SF
Payment Calculator
$1,883 per month
30 year fixed, 7.25% Interest
Principal and Interest
$1,883
Property Taxes
—
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 159 State Street
Summary
Location and General Information
- City: Rutland City
- County: VT-Rutland
- Latitude: 43.608952926548184
- Longitude: -72.987755661376966
- Road Frontage: TBD
- Seasonal: No
- State: VT
- Street Designation: Street
- Zip Code: 05701
Taxes and HOA Information
- SPAN Number: 540-170-13079
- Taxes TBD: Unknown
Parking
- Garage: No
- Driveway: Gravel
Property
Lot Information
- Lot - Sqft: 6534.0
- Lot Features: City Lot, Corner, Level, Sidewalks
- Lot Size Acres: 0.15
- Square Feet Apx Finished Above Grade: 2688.0
- 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: 4032.0
- Square Feet Apx Total Finished: 2688.0
- Square Feet Apx Unfinished Above Grade: 0.0
- Square Feet Apx Unfinished AG Source: Public Records
- Square Feet Apx Unfinished Below Grade: 1344.0
- Square Feet Apx Unfinished BG Source: Public Records
Property and Assessments
- Property Class: Multi-Family
- Construction Status: Existing
- Flood Zone: Unknown
- Foundation: Concrete, Stone
- PreConstruction: No
- Surveyed: Unknown
- Year Built: 1890
Utilities
- Electric Company: GMP
- Fuel Company: Keyser
- Electric: Circuit Breaker(s)
- Sewer: Public
- Water Source: Public
- Utilities: Cable - Available, Telephone Available
- Internet: High Speed Intrnt -Avail
Interior and Exterior Features
Exterior Features
- Construction Materials: Wood Frame, Vinyl Siding
- Roads: Paved, Public
- Roof: Slate
Interior Features
- Basement: Yes
- Basement Access Type: Walk-up
- Basement Description: Unfinished
- Heat Fuel: Oil
- Heating: Baseboard
- Cooling: None
- Total Stories: 2
Multi Family
Income & Expenses Information
- Gross Income: $48,432.00
- Net Income: $30,835.00
- Operating Expense Incl: Heat, Insurance, Trash, Water/Sewer
- Operating Expense: $17,597
Multi-Family Information
- Total Units: 4
- Total 1 BR Units: 1
- Total 2 BR Units: 3
- Total 3+ BR Units: 0
Unit Information
Unit 1
- Unit 1 Baths: 1
- Unit 1 Bedrooms: 1
- Unit 1 Rental Amt Freq: Monthly
- Unit 1 Status: Leased
- Unit 1 Rental Amount: $1,050.00
- Unit 1 Tenant Pays: Electric, Hot Water, Internet Service, TV Service
- Unit 1 Info: Range - Electric, Refrigerator
Unit 2
- Unit 2 Baths: 1
- Unit 2 Status: Leased
- Unit 2 Rental Amt Freq: Monthly
- Unit 2 Bedrooms: 2
- Unit 2 Rental Amount: $1,086.00
- Unit 2 Info: Range - Electric, Refrigerator
- Unit 2 Tenant Pays: Electric, Hot Water, Internet Service, TV Service
Unit 3
- Unit 3 Baths: 1
- Unit 3 Rental Amt Freq: Monthly
- Unit 3 Status: Leased
- Unit 3 Bedrooms: 2
- Unit 3 Rental Amount: $1,125.00
- Unit 3 Info: Range - Electric, Refrigerator
- Unit 3 Tenant Pays: Electric, Hot Water, Internet Service, TV Service
Unit 4
- Unit 4 Rental Amt Freq: Monthly
- Unit 4 Baths: 1
- Unit 4 Bedrooms: 2
- Unit 4 Status: Leased
- Unit 4 Rental Amount: $1,162.00
- Unit 4 Info: Range - Electric, Refrigerator
- Unit 4 Tenant Pays: Electric, Hot Water, Internet Service, TV Service
Property History for 159 State Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 159 State Street
Taxable ValueLand$24,400Additions$101,800Total$126,200
Home Facts
Beds0Lot Size6,534 SqFtStyleSingle Family ResidenceCountyRUTLANDAPN(170) 13079
Schools near 159 State Street
This home is within Rutland City School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | 3 to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 2 |
Rating | School | Distance |
|---|---|---|
Rutland Intermediate School Public3 to 6 | ||
Rutland Middle School Public7 to 8 | ||
Rutland Senior High School Public9 to 12 | ||
Rutland Northwest School PublicPK to 2 |
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 descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Real Broker LLC
Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 04/29/2024 05:22 PM
