$595,000 | $125 per sq.ft.
Commercial Property, in 100-102 Gibson Avenue Rutland City VT | Space type MLS# 5036400
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Listed by Max Walker Watson Realty & Associates on
April 15th 2025
100-102 Gibson Avenue Rutland City VT 05701
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DESCRIPTION
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Three great Buildings with huge net income potential! This smart investment includes five total units, four of them being two-bedroom units and the fifth being a single bedroom upstairs unit above the converted barn. The first floor of the barn could be used for storage or a workshop. Yearly gross income potential is $93,600 with slight rent increases. Recent upgrades include a new boiler system in the barn apartment, exterior painting and contractor capital improvements totaling more than $73,000. Showings to begin on (4/19).
Building Type : Multi-Family
Sale Includes : Barn Price per SQFT | 124.63 Net Income| 0 Management Expense-| $0 Insurance Expense -| $0
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FEATURES AND DETAILS
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CONSTRUCTION: Wood Frame | Wood Exterior | Price Per SQ.FT. 124.63 | Year Built: 1884 No. of Units-| 0 Building Size | 4774 Basement: Concrete Floor
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Building Type: Multi-Family Roof: Slate Garage And Parking: Driveway | Parking Spaces 1 - 10 Heating: Baseboard | Oil Electric: Circuit Breaker(s) Utilities: Cable - Available No. of Docks | 0. No. of Drive Doors | 4774.
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LAND INFORMATION
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ADDITIONAL INFORMATION
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Lot size: 0.9 acres Zoned: residential
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Taxes $9,810 | Assesed Value $0 in |