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Courtesy of Ray Ault of Ault Commercial Realty, Inc..

734-D Route 4 East

Rutland Town, VT 05701
  • $51,900
  • STATUS: Active
  • ON SITE: 2013 Days
  • MLS #: 4408697
UPDATED: 58 min ago
$51,900
  • 0
    BEDS
  • 0.9
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 570
    SQFT
  • $91
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1989
County:
Area:

School Ratings & Info

Description

INCOME PROPERTY priced at an 8.0% Cap Rate: This prime first floor Office Condo is leased through 10/31/2024, at rent ranging from $849 to $927/mo., Modified Gross, (tenant pays electric, wifi and interior cleaning only, over and above Base Rent). It consists of 3 rooms, including large reception/secretarial office, conference room with separate exit door, and attractive private office with hardwood floor & brick fireplace, and exterior exit to rear deck. Total Unit is 570 sq. ft. Access to additional parking in rear of bldg via rear deck. Open your windows to the sound of a babbling brook out back. Property not affected by Irene Tropical Storm in 2011. New architectural shingled roof in 2015. Unit has a 12.49% interest in Condo Owner's Association, and 2019 Condo Fees are $852.44 Quarterly. Taxes thru June 2020 are $1,050/yr, pd in 3 installments. Tenant has 15-day Right of First Refusal to buy upon terms offered by a 3rd party, acceptable to Owner.

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© Copyright 2021 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 2021-12-06T23:05:30.327.
www.signaturepropertiesvt.com/homes/63445077
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734-D Route 4 East Rutland Town, VT 05701

  • Price: $51,900
  • Status: Active
  • On Site: 2013 Days
  • Updated: 58 min ago
  • MLS #: 4408697
0
Beds
0
Baths
0
½ Baths
0.9
Acres
570
SQFT
$91
$/SQFT
1989
Built
Neighborhood:
Rutland Town
County:
Rutland
Area:
Rutland Town
Property Description
INCOME PROPERTY priced at an 8.0% Cap Rate: This prime first floor Office Condo is leased through 10/31/2024, at rent ranging from $849 to $927/mo., Modified Gross, (tenant pays electric, wifi and interior cleaning only, over and above Base Rent). It consists of 3 rooms, including large reception/secretarial office, conference room with separate exit door, and attractive private office with hardwood floor & brick fireplace, and exterior exit to rear deck. Total Unit is 570 sq. ft. Access to additional parking in rear of bldg via rear deck. Open your windows to the sound of a babbling brook out back. Property not affected by Irene Tropical Storm in 2011. New architectural shingled roof in 2015. Unit has a 12.49% interest in Condo Owner's Association, and 2019 Condo Fees are $852.44 Quarterly. Taxes thru June 2020 are $1,050/yr, pd in 3 installments. Tenant has 15-day Right of First Refusal to buy upon terms offered by a 3rd party, acceptable to Owner.
Exterior Features

Construction Wood Frame Exterior Wood Siding Parking On-SiteParking Spaces 21+Paved Road Frontage Yes Road Frontage Length 205 Roof Shingle - Asphalt Transport Access Near AirportPublic TransportationState HighwayPaved

Interior Features

Basement Yes Basement Access Type Walkout Basement Description Concrete FloorOtherStorage Space Cooling Multi Zone Foundation Poured Concrete Heating BaseboardHot WaterMulti Zone Sq Ft Total Building 570 Sq Ft Total Source Other

Property Features

Accessibility Features 3 Ft. DoorsAccess ParkingAccess RestroomsBathroom W/5 Ft. DiameterEasy Grip Door HardwareGrab Bars in BathroomLow Pile CarpetPaved ParkingZero-Step Entry Ramp Assessment Amount 57200 Assessment Year 2013 Auction No Cable Company Comcast Commercial Features Public Restrooms Construction Status Existing Covenants Yes Electric 60 Amp Electric Company Gmp Flood Zone Unknown Fuel Company C V Oil CoPittsfield Vt Gross Income 10188 Heat Fuel Oil Investment Info Yes Natural Gas Available No Net Income 4183 Pre Construction No Sale Includes Land/Building Seasonal No Sewer Public Span Number 543-171-11120 Sub Property Type InvestmentOffice Sub Property Type Use Office Condo Tax Gross Amount 1050.52 Tax Rate 1.69 Tax Year 2021 Taxes Tbd No Utilities Cable - Available Water Private Zoning None

Courtesy of Ray Ault of Ault Commercial Realty, Inc..


© Copyright 2021 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 2021-12-06T23:05:30.327.
 
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Signature Properties of Vermont
1 Towne Marketplace Suite 18
Essex Junction VT, 05452