24 Wales StreetRutland City, VT 05701MLS Number 4955323

  • Price: $399,000
  • 116 Days on Market
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Federal 30-year interest rate: 7.19% last updated on Sep 21, 2023
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24 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 0570124 Wales Street Rutland City VT 05701
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  • 1870Year Built
  • 5,558Square Feet
  • 2022Tax Year
  • ActiveMLS Status

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Listed by Rachael Rogala of Engel & Volkers Okemo (Cell: 917-216-9535)
Converting commercial property to residential can be a highly lucrative investment strategy. All of the suites upstairs are up for grabs. If you've ever dreamed of owning a downtown flat, here's your chance. Zoned mix-use, it would be reasonably simple to convert these business suites into apartments. With a thriving downtown as your backdrop, what better place to create living space? A bit on the quality of the building - it used to be a garage! Do not let the outside fool you. A structural engineer's report confirms the integrity of the bones. With steel posts throughout, made to withhold several cars, this is sure to outlast. The attractive floor plan can perfectly hold anywhere from five to seven apartments. With creativity in floor plans, one could make this work with just the right amount of space. Each suite already has plumbing so add a shower and a kitchen, and you are good to go. You do the math; this is not a building you want to miss. A well-seasoned Realtor can point you in the right direction for housing grant money in Vermont and Rutland City and coach you through zoning regulations and occupancy certificates the local government may require. Please note: 100% of the condominium units in this building are for sale. Associated MLS numbers are: 4955323 or 4957484 ($399,000) 4958882 ($800,000) 4955943 ($105,000) For a total combined price of $1,304,000.00

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Tax Information

  • Tax Year2022

Building

  • Year Built1870
  • ConstructionOther
  • NumberOfUnitsInCommunity6
  • FoundationConcrete
  • Square Feet5,558
  • Available Sqft5,558
  • BasementNone
  • Garage Spaces
  • Rail Available Y/NYes

Water Body

  • Docks1

Legal

  • Price/SF$71.79
  • OtherStructuresOther
  • Zoningmixed
  • Excluded From Saleeverything

Basic Information

  • StatusACT
  • Modification Date09/18/2023
  • TypeBusiness, Development, Multi-Family, Office, Opportunity, Retail
  • List Price$399,000
  • Broker NameEngel & Volkers Okemo
  • Listing Agent NameRachael Rogala
  • Lister Office NameEngel & Volkers Okemo
  • MLS Number4955323
  • MLS StatusActive

Exterior

  • ExteriorBrick
  • RoofFlat, Membrane

Other

  • Transport AccessCity Street, Near Airport, Public Transportation, Rail Available, State Highway, Town Highway, Paved
  • Date Listed06/01/2023
  • View Count44

Location

  • Building Number24
  • StreetWales Street
  • TownRutland City
  • StateVT
  • Zip05701
  • CountyRutland

Property

  • Parking Spaces
  • Property TypeCommercial Sale
  • Area
    • In Town
    • Near Country Club
    • Near Hospital
    • Near Public Transportatn
    • Near Railroad
    • Near Shopping

Amenities

  • Accessibility AmenitiesAccess Common Use Areas
Ault Commercial Realty

Your Local Office

More Info »
Ault Commercial Realty
Office: 802.773.0600
PO Box 6306
Rutland, VT 05702
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Copyright 2023 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. 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 September 25, 2023 2:38 AM EDT

 

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