SoldJun 17, 2025

Listed and Bought with Mike Kalil from Watson Realty & Associates

Source: PrimeMLS #5038540

120 State St, Rutland, VT, 05701

$1,140,000

2000 sq. ft.
6534 sq. ft.

MultiFam

1 day on the market

Sold: Jun 17, 2025

What's around 120 State St

About this property

Great opportunity for investors, A package of 20 rental units , Consists of 8 multifamily buildings, all in Rutland City in close proximity to each other,All units will be transferred with certificates of occupancies, Great rental history, This property produces over $334,380 in gross rent in total revenues, The net cap rate is over 15% , The net income is over $214k per year, Not including management fee or vacancy rates, and this numbers are pro-fourma, assuming all units are rented. The current owner has 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.

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