123 AIRPORT Rd, Shaftsbury, VT 05262 (MLS# 217132)

$450,000
123 AIRPORT Rd
Shaftsbury, VT 05262
MLS# 217132
Status: Closed
8640 sqft
Remarkable Income Opportunity
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Remarkable Income Opportunity 123 AIRPORT Rd, Shaftsbury, VT 05262 123 AIRPORT Rd, Shaftsbury, VT 05262 123 AIRPORT Rd, Shaftsbury, VT 05262 123 AIRPORT Rd, Shaftsbury, VT 05262 123 AIRPORT Rd, Shaftsbury, VT 05262 123 AIRPORT Rd, Shaftsbury, VT 05262 123 AIRPORT Rd, Shaftsbury, VT 05262 123 AIRPORT Rd, Shaftsbury, VT 05262 123 AIRPORT Rd, Shaftsbury, VT 05262 123 AIRPORT Rd, Shaftsbury, VT 05262 123 AIRPORT Rd, Shaftsbury, VT 05262 123 AIRPORT Rd, Shaftsbury, VT 05262 123 AIRPORT Rd, Shaftsbury, VT 05262 123 AIRPORT Rd, Shaftsbury, VT 05262 123 AIRPORT Rd, Shaftsbury, VT 05262

Property Description
Multi-unit Commercial Building, light industrial, Investment plus two apartments - There are a total of 28 rental spaces in the two first class buildings including heated and unheated spaces, some with overhead doors. Outstanding investment or owner occupied for any portion. Radiant in-floor heating in main building plus two apartments. Gross potential income (continue on ''more'')

Details
Documents
Contract Information
Current Price: $450,000
Status: Closed
List Date: 2016-09-27
List Price: $450,000
Original List Price: 450000
Limited Service: No
Agent Interest: None
BAC: 3.5
BAC Type: %
NAC Type: %
Location, Tax & Legal
Registry: Outside Berkshire Vermont
Street #: 123
Street Name: AIRPORT
Street Ext: Rd
State/Province: VT
Postal Code: 05262
Assess Amt: 493900
Assessed Year: 2016
Taxes: 8992
Tax Year: 2016
Page: 348
Map Ref: 152131
General Property Description
Realtor.COM Type: Commercial
Sq Ft Liv Apx: 8640
Parking Spaces: 21
Parking Spaces Type: Private
Year Built Apx: 2003
Year Built Source: Assessor
Yr Blt Description: Actual
Lot Square Footage: 138956
Acres Apx: 3.19
Sq Ft Source: Appraiser
Betterment: No
Status Change Info
Status Change Date: 2017-03-04
Under Contract Date: 2016-11-03
Contingent: Yes
Sold Date: 2017-03-03
Sold Price: 450000
Remarks & Misc
Directions: From Route 7A in Shaftsbury turn east onto Airport Road, 2nd driveway on left marked with Peacock Construction and For Sale sign across from State Police Barracks
Marketing/Headline: 50% Potential Return on Your Investment
Building Info
Drive-in Doors: 10
Floors#: 2
Heating Sys #: 1
Bathrooms
# 1/2 Bath: 1
# 3/4 Bath: 1
# Full Bath: 1
Interior Amenities
Other: heat/smoke detector
Property Features
Business Type: Mixed
Underground Oil Tank: No; Unk
Water: Private; Well
Well Detail: Drilled
Sewer: Private
Right to Farm Comm: Unk; Yes
Lot Description: Paved Drive
Electric Type: 200 Amp; Circuit Breaker
Interior Amenities: Overhead Doors
Internet Service: DSL Available; Satellite Available
Energy Features: Insulated Windows
Construction: Metal; Wood Frame
Roof: Asphalt; Fiberglass
Basement: Concrete Floor; None; Slab
Heat/Cool: Boiler; Hot Water
Fuel: Propane
Hot Water: Electric; Propane
Insulation: Fiberglass
Lead Paint: No
Zoning: Business; Industrial; Multi; Residential
Financing: Conventional
Possession: Close Of Escrow
Supplements
Multi-unit Commercial Building, light industrial, Investment plus two apartments - There are a total of 28 rental spaces in the two first class buildings including heated and unheated spaces, some with overhead doors. Outstanding investment or owner occupied for any portion. Radiant in-floor heating in main building plus two apartments. Grosse potential income if fully rented is estimated at $103,000/yr+/- and estimated expenses of $22,300 +/- yields total potential net income before debt service of $80,000. Fully leased, this property could net a buyer with a 20% down payment roughly $50,000 net income before income taxes or a 55% return on a 20% down payment of $90,000.Property is offered at 9% below the municipal assessed value is $493,900. Replacement value of the structures alone, not including land and site improvements, is $956,000.

Listing Office: HARSCH ASSOCIATES

Listing Agent: Paul Harsch III

Last Updated: December - 02 - 2020

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Thursday 25th of April 2024 11:43 PM