140 N Main StreetRutland City, VT 05701MLS Number 4779371

  • Price: $499,500
  • 115 Days on Market
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Federal 30-year interest rate: 3.6% last updated on Jan 23, 2020
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.7Acreage
  • 1920Year Built
  • 9,000Square Feet
  • 10Units

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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

Listed by Mike Kalil of Watson Realty & Associates, PLC

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More Info

Basic Information

  • StatusACT
  • Modification Date11/21/2019
  • TypeInvestment, Multi-Family, Retail
  • List Price$499,500
  • Broker NameWatson Realty & Associates, PLC
  • Listing Agent NameMike Kalil
  • Lister Office NameWatson Realty & Associates, PLC
  • MLS Number4779371

Location

  • Building Number140
  • StreetN Main
  • TownRutland City
  • StateVT
  • Zip05701
  • CountyRutland

Property

  • Acreage0.7
  • Parking Spaces
  • Property TypeCommercial Sale
  • Lot Sqft30,492
  • Road Frontage400

Building

  • Year Built1920
  • ConstructionWood Frame
  • Units10
  • FoundationConcrete
  • Square Feet9,000
  • Available Sqft9,000
  • BasementConcrete, Walkout, Interior Access

Exterior

  • ExteriorWood Siding
  • RoofShingle - Architectural

Other

  • View Count35
Ault Commercial Realty
Ault Commercial Realty
Office: 802.773.0600
PO Box 6306
Rutland, VT 05702
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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 for sale on this web 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 January 25, 2020.

 

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