24 Wales StreetRutland City, VT 05701MLS Number 4957484

Price: $399,000
Est. Mortgage of $/month
101 Days on Market

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

More Info

Basic Information

StatusACT
List Price$399,000
Date Price Change06/16/2023
MLS Number4957484
MLS StatusActive

Property

Parking Spaces
Lot Description
- City Lot
- Condo Development
- Major Road Frontage
- Neighbor Business
- Rental Complex
- Street Lights
Square Feet5,558
APX Fin AG Sqft5,558
Road Frontage74
RoadsAssociation, Easement/ROW, Paved, Public, Shared

Location

TownRutland City
StateVT
Zip05701
CountyRutland
Zoningmixed
Flood Zone Y/NNo

Exterior

ExteriorBrick, Concrete
RoofMembrane
Exterior Colorred

Utilities

Heat FuelMulti Fuel
Heat SystemBaseboard, Heat Pump
WaterPublic, Public Water - At Street, Public Water - On-Site
Water HeaterOwned
Electric200 Amp, On-Site
SewerPublic, Public Available, Public Sewer at Street, Public Sewer On-Site
UtilitiesCable, High Speed Intrnt -Avail, Phone

Building

Year Built1870
Building ConstructionSteel Frame
Style
- Apartment Building
- Conversion
- Flat
- Historic Vintage
- Multi-Family
- Multi-Level
- Rehab Needed
- Single Level
- Top Floor
Units6
# of 1 Bedrooms3
# of 2 Bedrooms2
# of 3+ Bedrooms1
FoundationBrick, Concrete, Slab - Concrete

Other

Seasonal Y/NNo
Date Listed06/16/2023
View Count10

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Your Questions & Comments I found a listing on "Ault Commercial Realty, Inc." which you may be interested in:

24 Wales StreetRutland City, VT 05701MLS Number 4957484

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