Seller's Agent in 2025
Mike Kalil
Watson Realty & Associates
(802) 342-8899
70 in this area
102 Total Sales
120 State St Rutland, VT 05701
--
Bed
--
Bath
2,000
Sq Ft
6,534
Sq Ft Lot
About This Home
As of June 2025Great 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.
Last Agent to Sell the Property
Watson Realty & Associates License #081.0095645 Listed on: 04/30/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,215
Year Built
- Built in 1975
Parking
- Gravel Driveway
Home Design
- Brick Foundation
- Stone Foundation
- Wood Frame Construction
- Slate Roof
- Wood Siding
Interior Spaces
- 2,000 Sq Ft Home
- Property has 2 Levels
Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Utilities
- Internet Available
- Cable TV Available
Additional Features
- 6,534 Sq Ft Lot
- City Lot
Community Details
- 20 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 30, 2025
Closed on
Jun 17, 2025
Sold by
Wistol Llc
Bought by
105-109 South Main Street Llc
Seller's Agent
Mike Kalil
Watson Realty & Associates
Buyer's Agent
Mike Kalil
Watson Realty & Associates
List Price
$1,360,000
Sold Price
$1,140,000
Premium/Discount to List
-$220,000
-16.18%
Views
1
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$690,667
Avg. Annual Appreciation
-88.53%
Purchase Details
Closed on
Jun 30, 2017
Sold by
Mcmahon Burton M and Mcmahon Laurie A
Bought by
Wistol Llc
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $171,000 | -- | |
| Deed | $65,000 | -- | |
| Deed | $65,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/17/2025 06/17/25 | Sold | $1,140,000 | -16.2% | $570 / Sq Ft |
| 05/01/2025 05/01/25 | Pending | -- | -- | -- |
| 04/30/2025 04/30/25 | For Sale | $1,360,000 | -- | $680 / Sq Ft |
Source: PrimeMLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | -- | $108,800 | $24,400 | $84,400 |
| 2023 | -- | $108,800 | $24,400 | $84,400 |
| 2022 | $3,757 | $108,800 | $24,400 | $84,400 |
| 2021 | $3,804 | $108,800 | $24,400 | $84,400 |
| 2020 | $3,770 | $108,800 | $24,400 | $84,400 |
| 2019 | $3,677 | $108,800 | $24,400 | $84,400 |
| 2018 | $3,682 | $108,800 | $24,400 | $84,400 |
| 2017 | $3,428 | $108,800 | $24,400 | $84,400 |
| 2016 | $3,418 | $108,800 | $24,400 | $84,400 |
Source: Public Records
Agents Affiliated with this Home
-
Mike Kalil
Map
Source: PrimeMLS
MLS Number: 5038540
APN: 540-170-13633
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