Listing courtesy of Paul Harsch, Harsch Associates 413-458-5000
123 Airport Road, Shaftsbury, VT, 05262
2003
Earn up to a 50% return on your investment! A remarkable opportunity for a business person, investor, entrepreneur, contractor. Multi-unit Commercial Building, light industrial, Investment - 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 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.
Status:
Active
Type:
Commercial
Units:
30
Zoning:
commercial
Heating:
Electric, Hot Water, Radiant, Oil
Acreage:
3.19
Est. Taxes:
$8,992
Assessment
$493,900
Construction
Wood Frame,Vinyl Siding
Elementary School:
450000
School District:
Harsch
MLS #:
4600285