STRONG INVESTMENT OPPORTUNITY IN A PRIME SPOT MINUTES TO KILLINGTON & SUGARBUSH! Located directly off scenic Route VT 100 in the Village of Rochester VT. The Cushman Building is a 4, 272 square foot commercial building w/multiple units. On the first floor is a turnkey retail store w/private 1/2 bath, bamboo floors, and street front access. Also, on the first level is another office w/ private 1/2 bath, wood floors, and street front access. The second level has 4 more spacious office rooms w/ loads of light. There is a 1/2 bath for all tenants to use on this level. All units are currently tenant occupied. The remaining areas and rooms in the building are occupied by a 25 year old successful turnkey specialty linen rental service business & operation (The Linen Shop). The Linen Shop has a fully insulated warehouse, newly renovated basement w/ radiant heated floors, commercial linen cleaning system & 3 Rinnai Hot Water On Demand. This immaculately maintained property is being sold w/ the real estate and The Linen Shop business/ operation. The Linen Shop business services all over VT for weddings and all kinds of functions. The business has stellar reviews and a wonderful existing client base. The building has a new roof, well taken care of mechanicals &a dumbwaiter that goes to multiple floors. Schedule a tour of this unique property today in the heart of the beautiful Green Mountains. So much potential here, you must see to appreciate!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$745,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $596,000 | $596,000 | $596,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.893% | 7.171% | 6.623% |
Monthly Tax Payment | $470 | $470 | $470 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,015 | $3,961 | $5,151 |
Total Monthly Payment | $4,577 | $4,523 | $5,713 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.