List Price: $935,000 | $140 per sq.ft. Multi Family A 8 Unit Multi Family Home
With 2 One Bedroom Units , 4 - Two Bedroom Units ,2 - Three Bedroom Units Listed Monday Jul 15, 2024 | MLS# 5005147
With 2 One Bedroom Units , 4 - Two Bedroom Units ,2 - Three Bedroom Units Listed Monday Jul 15, 2024 | MLS# 5005147
Situated in the town of Newport, this multifamily property features 8 recently renovated units alongside substantial improvements to the building. Situated on a large lot with parking on-site. This property consists of 2 one-bedroom units, 4 two-bedroom units, and 2 three-bedroom units. Renovations include new flooring, cabinets, countertops, appliances, bathroom upgrades, fresh paint, plumbing fixtures, and electrical fixtures. In 2023, some units were converted from oil to gas, with propane tanks installed. Additional improvements include two new water boilers, new back decking, and enhanced safety egress. The property also offers ample onsite parking with more than 12 vehicles, ensuring convenient parking for tenants. Ideal commuting convenience, easy access to Newport, residents enjoy easy access to local amenities, schools, and recreation. Great for a 1031 exchange. Seller is a licensed real estate agent.
Annual Expenses
Taxes: $14,242
Taxes: $14,242
Income
Construction: Wood Frame | Vinyl Exterior
Year Built: 1900
Style: Multi-Family | Victorian
Floors | Stories: 3
No. Elevators:
Total Sq.Ft. Finished: 8760
Above Grade Sq.Ft.: 6682
Basement: Other | Partial | Interior Access | Stairs - Basement
Foundation: Brick | Stone
Year Built: 1900
Style: Multi-Family | Victorian
Floors | Stories: 3
No. Elevators:
Total Sq.Ft. Finished: 8760
Above Grade Sq.Ft.: 6682
Basement: Other | Partial | Interior Access | Stairs - Basement
Foundation: Brick | Stone
Exterior Color: white
Roof: Shingle - Asphalt
Garage And Parking: Paved
Seasonal: No
Roof: Shingle - Asphalt
Garage And Parking: Paved
Seasonal: No
Heating: Hot Water
Cooling: None
HeatFuel: Gas - Natural | Oil
Electric: Circuit Breaker(s)
Utilities: Cable
Electric Meters:
Water: Public
Sewer: Public
Cooling: None
HeatFuel: Gas - Natural | Oil
Electric: Circuit Breaker(s)
Utilities: Cable
Electric Meters:
Water: Public
Sewer: Public
Land Information
Level
Lot size: 0.31 acres
Zoned: PBD10P)
Surveyed: Unk
Flood Zone: No
Roads: Public
Road Frontage: 83
Driveway: Paved
Level
Lot size: 0.31 acres
Zoned: PBD10P)
Surveyed: Unk
Flood Zone: No
Roads: Public
Road Frontage: 83
Driveway: Paved
Easement - No
Block - 132
Taxes $14,242
Assesed Value Not Reported
Schools
PLEASE NOTE: Both New Hampshire and Vermont law require brokers and agents to disclose at the “time of first business meeting, prior to any discussion
of confidential information”, in New Hampshire’s case, and “first reasonable opportunity”, in Vermont’s case, the
nature of the relationships brokers have or may have with customers and clients. Each state requires that a disclosure form be presented to
consumers for their review and acknowledgment at the appropriate time. These forms can be accessed here:
VT: VERMONT REAL ESTATE COMMISSION MANDATORY CONSUMER DISCLOSURE FORM
NH: NEW HAMPSHIRE REAL ESTATE COMMISSION BROKERAGE RELATIONSHIP DISCLOSURE FORM