18 West StreetNewport, NH 03773MLS Number 4917813

  • Sale Price: $369,000
  • 268 Days Since Sale
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Federal 30-year interest rate: 6.94% last updated on May 23, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
Sold
  • 0.25Acreage
  • 6Bathrooms
  • 1900Year Built
  • 4,461Square Feet

Driving Directions

Listed by Alan Croteau of Real Property Options

Listing Sold by KW Coastal and Lakes & Mountains Realty
Don't wait on this one! This property is nicely located, right in the middle of Newport and only 15 minutes to Claremont and 10 minutes to Sunapee. This fully occupied income property has separate electric meters and heating that is paid for directly by the Tenants. 2022 current gross income is proposed to be $58,298 and with the actual 2021 operating expenses; should leave an NOI of approximately $28,298. At the offer price the property is currently available at around a 7.0% cap rate. Detailed financials are available after signing a Confidentiality and Non-Disclosure Agreement.

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More Info

Tax Information

  • Tax Year2022

Building

  • Year Built1900
  • Building ConstructionWood Frame
  • StyleApartment Building, Multi-Family, Multi-Level
  • Units7
  • Unit 1 Bath1
  • Unit 1 Bedrooms1
  • Unit 1 Floor Location1
  • Unit 1 Total Rooms3
  • Unit 2 Bath1
  • Unit 2 Bedrooms3
  • Unit 2 Floor Location1
  • Unit 2 Total Rooms5
  • Unit 3 Bath1
  • Unit 3 Bedrooms2
  • Unit 3 Floor Location2
  • Unit 3 Total Rooms4
  • Unit 4 Bath1
  • Unit 4 Floor Location1
  • Unit 4 Total Rooms4
  • Unit 5 Baths1
  • Unit 5 Bedrooms1
  • Unit 7 Baths1
  • # of 1 Bedrooms2
  • Unit 7 Bedrooms2
  • # of 2 Bedrooms3
  • # of 3+ Bedrooms1
  • Bathroom6
  • Total Baths6
  • Basement
    • Concrete Floor
    • Exterior Access
    • Full
    • No Tenant Access
    • Sump Pump
    • Unfinished
    • Walkout
  • FoundationConcrete, Poured Concrete

Basic Information

  • StatusSLD
  • List Price$409,000
  • Date Price Change06/27/2022
  • MLS Number4917813
  • MLS StatusClosed
  • Sale Date08/31/2023

Property

  • Acreage0.25
  • GarageDirect Entry, Leased
  • Parking Spaces1
  • Lot DescriptionCity Lot, River Frontage, Sloping
  • Lot149
  • Square Feet4,461
  • APX Fin AG Sqft3,488
  • Road Frontage60
  • RoadsDead End, Paved, Public
  • AreaBusiness District, In Town, Near Shopping, Near Public Transportatn

Amenities

  • Exterior AmenitiesFence - Partial
  • PricePerSqFt105.79

Water Body

  • Water Body TypeRiver
  • Water Body NameSugar River
  • Water Body AccessOwned

Location

  • TownNewport
  • StateNH
  • Zip03773
  • CountySullivan
  • ZoningCommercial/Industrial
  • Elementary SchoolRichards Elementary School
  • Junior HighNewport Middle and High School
  • High SchoolNewport Middle High School
  • Flood Zone Y/NYes

Interior

  • APX Fin Below Grade973

Exterior

  • ExteriorClapboard, Vinyl Siding
  • RoofMembrane, Shingle - Asphalt
  • Exterior ColorTan

Utilities

  • Heat FuelGas - LP/Bottle
  • Heat SystemForced Air, Gas Heater
  • WaterMetered, Public
  • Water HeaterElectric, Gas - LP/Bottle
  • Electric110 Volt,220 Volt, Circuit Breaker(s)
  • SewerPublic
  • UtilitiesCable - Available, DSL - Available, High Speed Intrnt -Avail, Internet - Cable

Other

  • Taxes$8,561.3
  • Seasonal Y/NNo
  • TrashDumpster
  • Date Listed06/27/2022
  • Unit 1 Deposit$525
  • Unit 2 Rent Amount$795
  • Unit 3 Rent Amount$1,000
  • Unit 4 Rent amount$650
  • Unit 5 Rent amount$725
  • Unit 7 Rent amount$1,050
  • View Count11
Jim Campbell Real Estate
Jim Campbell Real Estate
601 East Main Street
Newport, VT 05855
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Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. 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 May 24, 2024 9:53 PM EDT

 

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