$399,000

Converting commercial property to residential can be a highly lucrative investment strategy. All of the suites upstairs are up for grabs. If you've ever dreamed of owning a downtown flat, here's your chance. Zoned mix-use, it would be reasonably simple to convert these business suites into apartments. With a thriving downtown as your backdrop, what better place to create living space? A bit on the quality of the building - it used to be a garage! Do not let the outside fool you. A structural engineer's report confirms the integrity of the bones. With steel posts throughout, made to withhold several cars, this is sure to outlast. The attractive floor plan can perfectly hold anywhere from five to seven apartments. With creativity in floor plans, one could make this work with just the right amount of space. Each suite already has plumbing so add a shower and a kitchen, and you are good to go. You do the math; this is not a building you want to miss. A well-seasoned Realtor can point you in the right direction for housing grant money in Vermont and Rutland City and coach you through zoning regulations and occupancy certificates the local government may require. Please note: 100% of the condominium units in this building are for sale. Associated MLS numbers are: 4955323 or 4957484 ($399,000) 4958882 ($800,000) 4955943 ($105,000) For a total combined price of $1,304,000.00