16 Campbell RoadRutland, VT 05701-3899MLS Number 4787094

  • Price: $4,225,000
  • 55 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.
  • 2.47Acreage
  • 1988Year Built
  • 34,120Square Feet
  • 32Units

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Highland Meadows, a 2019 renovated, market-rent 32 unit apartment complex (30 2BR/2BA & 2 1BR/1BA) located just east of the Otter Creek overlooking the City of Rutland. Boasting new or updated high-efficiency windows, doors, siding, trim, flooring, cabinets, appliances, tanks & Heating systems. Convenient to downtown, yet nestled in a quiet residential country setting, Highland Meadows allows for a fully renovated and stabilized investment with an outstanding CAP Rate and no additional CapEx expenses for years. Recently converted back to Market-Rent units, Highland Meadows has strong historical occupancy since built in 1988. This development is professionally managed and provides an outsized cash-on-cash return for passive or active investors. Opportunity Zone allows for possible significant tax advantages.

Listed by Marek Kovac and Paul William Carroccio of TPW Real Estate

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More Info

Basic Information

  • StatusActive With Contract
  • Modification Date01/20/2020
  • TypeDevelopment, Investment, Opportunity
  • List Price$4,225,000
  • Broker NameTPW Real Estate
  • Listing Agent NamePaul William Carroccio
  • Lister Office NameTPW Real Estate
  • MLS Number4787094

Other

  • View Count16

Location

  • Building Number16
  • StreetCampbell
  • TownRutland
  • StateVT
  • Zip05701-3899
  • CountyRutland

Property

  • Acreage2.47
  • Parking Spaces
  • Property TypeCommercial Sale
  • Lot Sqft107,593
  • Road Frontage25

Building

  • Year Built1988
  • ConstructionWood Frame
  • Units32
  • FoundationPoured Concrete
  • Square Feet34,120
  • Available Sqft34,120

Exterior

  • ExteriorClapboard
  • RoofShingle - Asphalt
Ault Commercial Realty
Ault Commercial Realty
Office: 802.773.0600
PO Box 6306
Rutland, VT 05702
Broker Reciprocity

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 27, 2020.

 

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