NOT LISTED FOR SALE

91 Crescent St Rutland, VT 05701

5 Beds
5 Baths
4,400 Sq Ft
2.25 Acres

Last Sold April 23, 2021

Last sale price $290,000 $66 Per Sq Ft

108 Days on Market

Highlights

  • 2.25 Acre Lot
  • Stream or River on Lot
  • Covered Patio or Porch
  • Deck
  • Wood Flooring
  • Grass Field

About This Home

As of April 2021

Great convenient location with very good rental history, in fact 16 years of 100% continuous rental, most of the tenants stay long term because of the condition and location of the property, since purchasing this property in 2004, a lot of improvements have been done, vinyl windows , furnace , plumping , electric, 2017 new roof including all the wood underneath and with all new skylights, just finished new vinyl siding and all trims, decks painted, Certificate of occupancy for all units and Essential Maintenance practice have been filed with the state yearly, Current Actual Gross income is $ 45,900 a year, Actual Current Net Income is $30,180 a year, easy management, this property is on over 2.25 acres and it is the only one around here with that much land, possibility of building more units, just over 10% Cap Rate at the asking price owner is a licensed reals estate broker . Call Mike 802-342-8899 or email at mike.kalilrealestate@gmail.com

Last Agent to Sell the Property

Mike Kalil

Watson Realty & Associates License #081.0095645 Listed on: 10/13/2020

Last Buyer's Agent

Mike Kalil

Watson Realty & Associates License #081.0095645 Listed on: 10/13/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,398

Year Built

  • Built in 1920

Lot Details

  • 2.25 Acre Lot
  • Level Lot

Home Design

  • Stone Foundation
  • Wood Frame Construction
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 5 Full Bathrooms
  • 2.5-Story Property

Flooring

  • Wood
  • Carpet

Basement

  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Dirt Floor

Parking

  • 5 Car Parking Spaces
  • Stone Driveway
  • On-Site Parking
  • Assigned Parking

Outdoor Features

  • Stream or River on Lot
  • Deck
  • Covered Patio or Porch

Horse Facilities and Amenities

  • Grass Field

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil
  • Water Heater Leased
  • High Speed Internet
  • Cable TV Available

Community Details

Overview

  • 5 Units

Building Details

  • Operating Expense $10,230
  • Gross Income $45,900
  • Net Operating Income $30,180

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,398

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Construction: Existing
  • Total Stories: 2.5
  • Price Per Sq Ft: 65.91
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 5800
  • Sq Ft - Apx Total Finished: 4400
  • Property Type: Multi-Family
  • Year Built: 1920
  • Remarks Public: Great convenient location with very good rental history, in fact 16 years of 100% continuous rental, most of the tenants stay long term because of the condition and location of the property, since purchasing this property in 2004, a lot of improvements have been done, vinyl windows , furnace , plumping , electric, 2017 new roof including all the wood underneath and with all new skylights, just finished new vinyl siding and all trims, decks painted, Certificate of occupancy for all units and Essential Maintenance practice have been filed with the state yearly, Current Actual Gross income is $ 45,900a year, Actual Current Net Income is $30,180a year, easy management, this property is on over 2.25 acres and it is the only one around here with that much land, possibility of building more units, just over 10% Cap Rate at the asking price owner is a licensed reals estate broker .
  • L A1 M M S I Memberkey: 21929
  • List Agent: 21713
  • L O1 Homesnapcom: Yes
  • L O1 M M S I Officekey: 75020
  • S A1 M M S I Memberkey: 21929
  • S O1 Homesnapcom: Yes
  • S O1 M M S I Officekey: 75020
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Carpet, Hardwood
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Dirt Floor, Full
  • Sq Ft - Apx Finished AG: 4400
  • Sq Ft - Apx Unfinished BG: 1400

Exterior Features

  • Construction: Wood Frame
  • Driveway: Crushed Stone
  • Exterior: Vinyl Siding
  • Foundation: Stone
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle - Architectural
  • Features Exterior: Deck, Porch - Covered

Garage/Parking

  • Parking: Assigned, On-Site, Parking Spaces 5

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: Kesyer
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric, Rented
  • Heating Fuel: Oil
  • Heating: Baseboard, Hot Water
  • Electric Company: Green Mountain Power
  • Total Electric Meters: 6
  • Total Heat Units: 1
  • Total Ranges: 5
  • Total Refrigerators: 5
  • Total Water Heaters: 5
  • Utilities: Cable - Available, Dsl - Available

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 98010
  • Lot Acres: 2.25
  • Lot Description: City Lot, Field/Pasture, Level, Rental Complex, Stream
  • Surveyed: Unknown
  • Zoning: Residential
  • Deed Book: 389
  • Deed Page: 439
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 45900
  • Net Income: 30180
  • Total Full Baths: 5
  • Total Units: 5
  • Total1 Bedroom Units: 5

Tax Info

  • Tax Gross Amount: 5398
  • Tax Year: 2020

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
04/23/2021 04/23/21 Sold $290,000 -1.7% $66 / Sq Ft
01/29/2021 01/29/21 Pending -- -- --
11/16/2020 11/16/20 For Sale $295,000 0.0% $67 / Sq Ft
11/14/2020 11/14/20 Pending -- -- --
10/13/2020 10/13/20 For Sale $295,000 -- $67 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4833868

PrimeMLS