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$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


DESCRIPTION


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

CONSTRUCTION:
Wood Frame | Wood Exterior | Price Per SQ.FT. 124.63 | Year Built: 1884
No. of Units-| 0
Building Size | 4774
Basement: Concrete Floor
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.

LAND INFORMATION


ADDITIONAL INFORMATION

Lot size: 0.9 acres
Zoned: residential
Taxes $9,810  | Assesed Value $0 in