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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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5 Commons St , Rutland City, VT 05701
$205,000
Est. Payment: $455.56/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 32
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4254 - 393321
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House Description

This 1,470.5 sq. ft. Professional Office Condominium is conveniently directly across from the hospital (RRMC) for likely medical office use or other professional services business. Asking Price was just reduced by $20,000 to $205,000, yielding a 9.65% Cap Rate! Offered subject to a Lease through 14 Oct 2027, on a Triple Net basis. (However, Tenant is willing to move earlier for Buyer's business or a replacement tenant, as they have outgrown this 8-room space they otherwise love!) Base Rent for the year starting 15 Oct 2027 is $1,720.00/mo., or $14.00/sf, NNN. Net Expenses, paid monthly by Tenant as "Additional Rent" is about $1,400.00/mo., or $11.75/sf, plus tenant pays direct to vendors: electric, WiFi, Tenant's Insurance and interior cleaning. Ample parking at your door is a big plus!...as is an attractive vegetation-enclosed lunch-break table in fair weather. The Commons Office Condo complex is one of the most desireable in the City, and tends to command well above avg office lease rates and sale prices. See Sellers Property Info Report for 12-pg Q&A on systems serving Unit C-5.

Highlights

Listed by Ray Ault , 802-773-0600 Ault Commercial Realty, Inc. , 802-773-0600.

Property Type

Commercial Sale

County

Rutland

Listing ID

5105168

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Basement:Yes,Concrete,Concrete Floor,Crawl Space,Partial,Locked Storage,Storage Space,Unfinished,Exterior Access,Basement Stairs

Exterior Features

Zoning:POP
Sewer:Public
Principal Interest
$456
Taxes
$659

Home Price

$205,000

Loan Details

30 yrs
%

Down Payment

20%
$41,000
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Monthly Price:
$455.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $455.56 $659.48 $0.00 $1,115.04
Yearly $5,466.67 $7,913.76 $0.00 $13,380.43
Total $164,000.00 $237,412.80 $0.00 $401,412.80

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Rutland City, VT).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.