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

  • 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
  • Remarks Public: 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!
  • 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:

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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
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

    36 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

This home is located at 23 Mansfield Place, Rutland, VT 05701 since 12 February 2021. This property was built in 1988. 23 Mansfield Place 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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