Lamere Square, Ludlow, VT, 05149 | $1,465,000

Long-time owners of Lamere Square, the popular complex in the Village of Ludlow are ready to pass it along to a new owner. We are hopeful that we will find someone who will continue taking care of the tenants and property as they have been for years. The numbers and condition of the property speak for themselves. Perhaps you are an investor looking for a place with impressive numbers, or someone seeking a tangible place to put your retirement savings, or just would like to invest in an area you know. Maybe you remember this place as where you stop in for a slice of pizza, a taco, some tasty eats, or a bottle of wine, some Winter gear, or a framed Vermont photo. Great landlords often have great tenants and this is the case here with all of the units being rented to bustling businesses and respectful residential tenants who are current with rent. There are eight commercial units (most with long-term leases) and three residential units with approximately 14, 439 feet of finished space. The five buildings (four plus "The Hut") have had many recent improvements inside and out beyond the basic maintenance. Specific information on the property is available upon request as there is too much to list. The improvements are many from the roofs to the boilers to the newly paved parking lot. Sellers are willing to share income and operating expenses with serious buyers and will even consider owner terms and a transitional management period for the right buyer.

Features

  • Property Type: Investment
  • Parking: On-Site,Paved
  • Zoning: Commercial
  • Est. Taxes: $18,659
  • MLS#: 5021789
  • Website: https://www.raveis.com
    /prop/5021789/lameresquare_ludlow_vt?source=qrflyer
©2024 New England Real Estate Network, Inc. All rights reserved.This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/14/2024
Listing courtesy of Kelley Real Estate, Inc.   Phone: 802-228-5333
Listing Agent: Tyleen Murray

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NMLS Mortgage Loan Originator ID 793093

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Brian.Skelly@raveis.com

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Lamere Square, Ludlow, VT, 05149

$1,465,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Brian Skelly

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,172,000 $1,172,000 $1,172,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.250% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.821% 6.396% 5.990%
Monthly Tax Payment $1,555 $1,555 $1,555
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,654 $7,216 $9,732
Total Monthly Payment $8,334 $8,896 $11,412

* 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.