140 N Main Street

    Rutland City, VT 05701
    • $525,000
    • STATUS: Active
    • ON SITE: 39 days
    • MLS #: 4779371
    UPDATED: 17 min ago
    $525,000
    • 0
      BEDS
    • 0.7
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,000
      SQFT
    • $58
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1920
    County:
    Area:

    School Ratings & Info

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

    Description

    Great location on corner of N Main St and North St Ext. Many upgrades, wonderful investment property grossing over $94,000 11.5% 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..also listed under multi family MLS no 4779818

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    © Copyright 2019 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 2019-11-11T21:05:34.473.
    www.livingvermont.com/homes/99524855

    140 N Main Street Rutland City, VT 05701

    • Price: $525,000
    • Status: Active
    • Updated: 17 min ago
    • MLS #: 4779371
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.7
    Acres
    9,000
    SQFT
    $58
    $/SQFT
    1920
    Built
    Neighborhood:
    Rutland City
    County:
    Rutland
    Area:
    Rutland City
    Property Description
    Great location on corner of N Main St and North St Ext. Many upgrades, wonderful investment property grossing over $94,000 11.5% 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..also listed under multi family MLS no 4779818
    Exterior Features

    Construction Wood Frame Exterior Wood Siding Lot Description City LotCorner Parking On-SiteParking Spaces 21+ Road Frontage Yes Road Frontage Length 400 Roof Shingle - Architectural

    Interior Features

    Basement Yes Basement Access Type Walk-Up Basement Description ConcreteWalkoutInterior Access Foundation Concrete Sq Ft Total Building 9000

    Property Features

    Covenants No Flood Zone No Gross Income 94140 Net Income 61595 Pre Construction No Sale Includes GarageLand/BuildingOutbuilding Seasonal No Sewer Public Span Number 540-170-11053 Sub Property Type InvestmentMulti-FamilyRetail Sub Property Type Use OtherSelf StorageStorefront Tax Gross Amount 8293.52 Tax Year 2020 Taxes Tbd No Utilities Cable - AvailableDsl - AvailableHigh Speed Intrnt -AvailTelephone Available Water Public Zoning Mixed

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


    © Copyright 2019 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 2019-11-11T21:05:34.473.
     
    RE/MAX North Professionals
    875 Roosevelt Highway
    Colchester VT, 05446
    Courtesy of Mike Kalil of Watson Realty & Associates, Plc.