Bought with Ray Ault • Ault Commercial Realty, Inc.
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71 Allen ST Rutland City, VT 05701
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Key Details
Sold Price $385,000
Property Type Commercial
Sub Type Investment,Office
Listing Status Sold
Purchase Type For Sale
Square Footage 5,382 sqft
Price per Sqft $71
MLS Listing ID 4389634
Sold Date 09/29/16
Construction Status Existing
Year Built 1986
Annual Tax Amount $12,582
Tax Year 2016
Property Sub-Type Investment,Office
Property Description
5,300+ SF 2-story Office Condo Bldg with ample on-site parking, attractive atrium reception and center core of main floor. 11 individual offices, large conference room with generous windows onto Allen Pond, kitchenette, file room, IT room, 3 restrooms & 1 shower. Allen Pond is an attractive office condominium complex near the Rutland Regional Medical Center. Financial information is projected using $10.00/sf, NNN, rent, 20.0% market vacancy rate. Net Expenses currently run $5.09/sf, plus heat and electricity. Recent expenses: $12,583 taxes, $13,588 Condo Fees (in 2015), $1,200 estimated insurance, $6,036 (2015) propane consumption @ $2.40/gal and $4,014 last full yr of occupied electric expense. Income and Expense projections are NOT GUARANTEED. Prospective buyers and tenants must rely solely upon their own Due Diligence review of historical expenses of subject property and their own survey of actual Market Rents and vacancy rates before buying or leasing subject property.
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning POP
Interior
Heating Gas - LP/Bottle
Cooling Central AC, Multi Zone
Exterior
Exterior Feature Wood Siding
Roof Type Shingle - Asphalt
Building
Foundation Poured Concrete, Slab - Concrete
Sewer Public
Water Public
Construction Status Existing
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