NOT LISTED FOR SALE

140 N Main St Rutland, VT 05701

Estimated Value: $579,609

11 Beds
1 Bath
9,000 Sq Ft
$64/Sq Ft Est. Value

Last Sold November 30, 2021

Last sale price $469,000 $52 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $3,834/month

5 Days on Market

Highlights

  • 0.7 Acre Lot
  • 2 Car Detached Garage
  • High Speed Internet
  • Corner Lot
  • Forced Air Heating System
  • Wood Siding

About This Home

As of November 2021

Great location on corner of N Main St and North St Ext. Many upgrades and renovations, wonderful investment property grossing over $97,000 13%Cap rate at asking price. Property consists of ten rental units including the former MR C'S Market (now Cycle shop)--five apartments--three cold storage units--and a detached shop--all are fully rented--the total property has been extensively upgraded including new state-of-the art Buderas heating system, most units are updated and up to code--new roof--unlimited paved parking for many uses-well kept and no deferred maintenance, good rental history ..property consist of 2 buildings, Building one: 3(2 Bedroom) Apartments 1 (4 Bedroom) Apartment 1 (1 Bedroom) Apartment 1 Retail Space - approximately 2600 sq. ft 3 Large Storage units Building two: Garage -rented to a car detailing tenant for over 7 years 6 Storage units, Storage Shed, Outdoor Parking For More Information call or email Mike Kalil 802-342-8899 mike.kalilrealestate@gmail.com

Last Agent to Sell the Property

Mike Kalil

Watson Realty & Associates License #081.0095645 Listed on: 09/02/2021

Last Buyer's Agent

Mike Kalil

Watson Realty & Associates License #081.0095645 Listed on: 09/02/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,580

Year Built

  • Built in 1920

Lot Details

  • 0.7 Acre Lot
  • Corner Lot
  • Lot Sloped Up

Parking

  • 2 Car Detached Garage

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Architectural Shingle Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Interior Basement Entry

Utilities

  • Forced Air Heating System
  • Heating System Uses Oil
  • 200+ Amp Service
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

Overview

  • 10 Units

Building Details

  • Operating Expense $32,989
  • Gross Income $97,020
  • Net Operating Income $64,031

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,580

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 52.11
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 10200
  • Sq Ft - Apx Total Finished: 9000
  • Year Built: 1920
  • Remarks Public: Great location on corner of N Main St and North St Ext. Many upgrades and renovations, wonderful investment property grossing over $97,000 13%Cap rate at asking price. Property consists of ten rental units including the former MR C'S Market (now Cycle shop)--five apartments--three cold storage units--and a detached shop--all are fully rented--the total property has been extensively upgraded including new state-of-the art Buderas heating system, most units are updated and up to code--new roof--unlimited paved parking for many uses-well kept and no deferred maintenance, good rental history ..property consist of 2 buildings, Building one: 3(2 Bedroom) Apartments 1 (4 Bedroom) Apartment 1 (1 Bedroom) Apartment 1 Retail Space - approximately 2600 sq. ft 3 Large Storage units Building two: Garage -rented to a car detailing tenant for over 7 years 6 Storage units, Storage Shed, Outdoor Parking
  • List Agent: 21713
  • L O1 Homesnapcom: Yes
  • S O1 Homesnapcom: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete, Unfinished
  • Sq Ft - Apx Finished AG: 9000
  • Sq Ft - Apx Unfinished BG: 1200

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Wood
  • Foundation: Concrete
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Architectural

Garage/Parking

  • Garage Capacity: 2
  • Garage: Yes
  • Garage Type: Detached

Utilities

  • Electric: 200 Amp, Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Domestic, Electric
  • Heating Fuel: Oil
  • Heating: Forced Air
  • Utilities: Cable - Available, Dsl - Available

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 30492
  • Lot Acres: 0.7
  • Lot Description: Corner
  • Surveyed: Unknown
  • Zoning: Mixed
  • Deed Book: 617
  • Deed Page: 358-360
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 97020
  • Net Income: 64031
  • Total Units: 10
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 3
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 8580
  • Tax Year: 2021

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2021 11/30/21 Sold $469,000 -4.1% $52 / Sq Ft
09/07/2021 09/07/21 Pending -- -- --
09/02/2021 09/02/21 For Sale $489,000 -- $54 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

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 -- $255,600 $74,900 $180,700
2023 -- $255,600 $74,900 $180,700
2022 $8,826 $255,600 $74,900 $180,700
2021 $8,581 $245,400 $74,900 $170,500
2020 $8,504 $245,400 $74,900 $170,500
2019 $8,294 $245,400 $74,900 $170,500
2018 $8,306 $245,400 $74,900 $170,500
2017 $7,692 $244,100 $74,900 $169,200
2016 $7,668 $244,100 $74,900 $169,200
Source: Public Records

Agents Affiliated with this Home

  • Mike Kalil

    Seller's Agent in 2021

    Mike Kalil

    Watson Realty & Associates

    (802) 342-8899

    71 in this area

    118 Total Sales

    Mike Kalil
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Map

Source: PrimeMLS

MLS Number: 4880640

PrimeMLS

APN: 540-170-11053

Vermont Rutland County Rutland 05701

140 N Main St, Rutland, VT

This home is located at 140 N Main St, Rutland, VT 05701 since 02 September 2021 and is currently estimated at $579,609, approximately $64 per square foot. This property was built in 1920. 140 N Main St is a home located in Rutland County with nearby schools including Rutland Intermediate School, Rutland Middle School, and Rutland Senior High School.

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