10 Merchants Row

    Rutland City, VT 05701
    • $269,000
    • STATUS: Active
    • ON SITE: 84 days
    • MLS #: 4789107
    UPDATED: 50 min ago
    $269,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,650
      SQFT
    • $74
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1900
    County:
    Area:

    School Ratings & Info

    Courtesy of Mike Kalil of Watson Realty & Associates, Plc.

    Description

    Great Investment opportunity in a prime location in the city right across from court house, over 9% Cap Rate at asking price, building is in a real nice condition, very well cared for no deferred maintenance, good rental history. The property consists of a large commercial space (over 2000 SF.) on the first floor which has all amenities you need for either an office or retail space, has been rented for long term lease. Second floor has 2 apartment units, a 1 bedroom and a 2 bedroom units , Leases on all units. property is completely updated and up to code, Heating and roof are fairly new.

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    © Copyright 2020 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2020-03-28T22:05:27.933.
    www.livingvermont.com/homes/102004193

    10 Merchants Row Rutland City, VT 05701

    • Price: $269,000
    • Status: Active
    • Updated: 50 min ago
    • MLS #: 4789107
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    3,650
    SQFT
    $74
    $/SQFT
    1900
    Built
    Neighborhood:
    Rutland City
    County:
    Rutland
    Area:
    Rutland City
    Property Description
    Great Investment opportunity in a prime location in the city right across from court house, over 9% Cap Rate at asking price, building is in a real nice condition, very well cared for no deferred maintenance, good rental history. The property consists of a large commercial space (over 2000 SF.) on the first floor which has all amenities you need for either an office or retail space, has been rented for long term lease. Second floor has 2 apartment units, a 1 bedroom and a 2 bedroom units , Leases on all units. property is completely updated and up to code, Heating and roof are fairly new.
    Exterior Features

    Construction Wood Frame Exterior Wood Siding Lot Description City LotCorner Parking On-SiteOtherPaved Road Frontage Yes Road Frontage Length 40 Roof Shingle - Architectural

    Interior Features

    Basement No Divisible Sq Ft Yes Foundation Concrete Sq Ft Total Building 3650 Sq Ft Total Source Architect

    Property Features

    Covenants No Gross Income 39756 Net Income 24882 Pre Construction No Sale Includes Building Sewer Public Span Number 540-170-12312 Sub Property Type Multi-FamilyOfficeOpportunityRetail Tax Gross Amount 5771.4 Tax Year 2020 Taxes Tbd No Utilities Gas - Lp/BottleInternet - CableTelephone Available Water Public Zoning Commercial

    Courtesy of Mike Kalil of Watson Realty & Associates, Plc.


    © Copyright 2020 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2020-03-28T22:05:27.933.
     
    RE/MAX North Professionals
    875 Roosevelt Highway
    Colchester VT, 05446
    Courtesy of Mike Kalil of Watson Realty & Associates, Plc.