NOT LISTED FOR SALE

23 Mansfield Place Rutland, VT 05701

-- Bed
6 Baths
3,136 Sq Ft
10,454 Sq Ft Lot

Last Sold December 30, 2021

Last sale price $300,000 $96 Per Sq Ft

259 Days on Market

About This Home

As of December 2021

Great opportunity to purchase 6-unit multi-family apartment building in Rutland City at over a 10% Cap Rate! Five 2 Bedroom units and one 1 Bedroom unit. Shares a parking lot with another 2-unit multi-family property with same owner at 24 Terrill Street. Buy all 8 units for $460,000!

Last Agent to Sell the Property

Andy Paluch

Longview Commercial Real Estate License #081.0134370 Listed on: 02/12/2021

Last Buyer's Agent

Andy Paluch

Longview Commercial Real Estate License #081.0134370 Listed on: 02/12/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,086

Year Built

  • Built in 1988

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Sloped Up

Parking

  • Paved Parking

Home Design

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

Interior Spaces

  • 3,136 Sq Ft Home
  • 2-Story Property
  • Interior Basement Entry

Utilities

  • Baseboard Heating
  • Heating System Uses Oil
  • Water Heater
  • Cable TV Available

Community Details

Overview

  • 6 Units

Building Details

  • Gross Income $58,800
  • Net Operating Income $38,453

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,086

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building, Multi-Family
  • Directions: Turn onto Mansfield Place from Main Street/ Route 7. Property is at the end of dead end street on the left.
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 95.66
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 4704
  • Sq Ft - Apx Total Finished: 3136
  • Year Built: 1988
  • List Agent: 285693
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete
  • Sq Ft - Apx Finished AG: 3136
  • Sq Ft - Apx Unfinished BG: 1568

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl Siding
  • Foundation: Concrete
  • Road Frontage: TBD
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Domestic
  • Heating Fuel: Oil
  • Heating: Baseboard
  • Utilities: Cable

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 10454
  • Lot Acres: 0.24
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: MSP
  • Deed Book: 668
  • Deed Page: 221
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 58800
  • Net Income: 38453
  • Total Units: 6
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 5

Tax Info

  • Tax Year Notes: 20-21
  • Tax Gross Amount: 7086
  • Tax Year: 2021

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 List to Sale Price per Sq Ft
12/30/2021 12/30/21 Sold $300,000 -20.0% $96 / Sq Ft
10/29/2021 10/29/21 Pending -- -- --
02/12/2021 02/12/21 For Sale $375,000 -- $120 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Andy Paluch

    Seller's Agent in 2021

    Andy Paluch

    Longview Commercial Real Estate

    (440) 525-6076

    17 in this area

    37 Total Sales

    Andy Paluch
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Map

Source: PrimeMLS

MLS Number: 4847348

PrimeMLS
Vermont Rutland County Rutland 05701

23 Mansfield Place, Rutland, VT

Not Listed for Sale

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