734-D Route 4 East

Rutland Town, VT 05701

MLS ID# 4408697 Active
Investment

$51,900



Details for 734-D Route 4 East, Rutland Town VT 05701

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.

Features and Details

  • Category Commercial
  • Type Investment
  • Village/Neighborhood
  • County Rutland
  • Lot Dimensions 39204
  • Acreage 0.9
  • MLS ID# 4408697

Annual Expenses/Income
Income: 10188
Apx Bldg SqFt
570
Basement
Concrete Floor, Other, Storage Space, Yes
Construction
Wood Frame
Accessibility Features
3 Ft. Doors, Access Parking, Access Restrooms, Bathroom w/5 Ft. Diameter, Easy Grip Door Hardware, Grab Bars in Bathroom, Low Pile Carpet, Paved Parking, Zero-Step Entry Ramp
Cooling
Multi Zone
Heating
Baseboard, Hot Water, Multi Zone
Parking
On-Site, Parking Spaces 21+, Paved
Operating Expense Inc
CAM, Heat, Insurance, Maintenance, Professional Management, Sewer, Snow Removal, Trash
Siding
Wood Siding
Features
Public Restrooms
Utilities
Cable - Available
Natural Gas
No
Water
Private
Sewer
Public
Zoning
None
Location
Suburban
Property Types
Investment, Office
Property Type Use
Office Condo
Transport Access
Near Airport, Public Transportation, State Highway, Paved
Deed
Book: 54, Page: 140
Foreclosed/Bank-Owned
Foreclosed/Bank-Owned: No
Delayed Showings
No
Sale Includes
Land/Building
Sale Type
Sale

Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. Subject to errors, omissions, prior sale, change or withdrawal without notice.

This listing was last updated on 4/12/2021 1:50:19 PM.