Bought with Mike Kalil • Watson Realty & Associates
$1,650,000
$1,750,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
998 U S Route 4 East Rutland Town, VT 05701
Key Details
Sold Price $1,650,000
Property Type Commercial
Sub Type Business,Investment,Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 4861269
Sold Date 09/30/21
Year Built 1950
Annual Tax Amount $26,112
Tax Year 2021
Property Sub-Type Business,Investment,Multi-Family
Property Description
Turn-key income-generating property. This property is very well cared for, located between Killington and Rutland, completely updated and up to code. Consists of 16 units(1,2,3 bedroom furnished apartments), 8 town houses and 51 self storage units with plenty of parking spaces and some garages. Parking lot is paved. NOI is $221,185 Cap Rate 11.5% at this price. Also this property sets on 4.3 Acres acre. 1.3 acre lot has been subdivided with great frontage on Route 4; appraised value for the lot is $150K. This property has so much to offer.
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning Commercial
Rooms
Basement Entrance Walkout
Basement Concrete, Partial
Exterior
Exterior Feature Wood
Utilities Available Cable, DSL, High Speed Intrnt -AtSite, Telephone Available
Roof Type Shingle - Architectural
Building
Foundation Poured Concrete
Sewer Public
Water Drilled Well
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