18 West StreetNewport, NH 03773MLS Number 4918132

  • Price: $409,000
  • 48 Days on Market
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Federal 30-year interest rate: 5.22% last updated on Aug 11, 2022
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18 West Street Newport NH 0377318 West Street Newport NH 0377318 West Street Newport NH 0377318 West Street Newport NH 0377318 West Street Newport NH 0377318 West Street Newport NH 03773
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  • 0.25Acreage
  • 1900Year Built
  • 4,615Square Feet

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Listed by Alan Croteau and Becca Hastings of Real Property Options
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

Basic Information

  • StatusACT
  • Modification Date07/25/2022
  • TypeBusiness, Investment, Multi-Family
  • List Price$409,000
  • Broker NameReal Property Options
  • Listing Agent NameAlan Croteau
  • Lister Office NameReal Property Options
  • MLS Number4918132
  • MLS StatusActive

Utilities

  • FuelGas - LP/Bottle
  • Heating CoolingForced Air, Gas Heater

Location

  • Building Number18
  • StreetWest Street
  • TownNewport
  • StateNH
  • Zip03773
  • CountySullivan
  • Map114

Property

  • Acreage0.25
  • Property TypeCommercial Sale
  • AreaBusiness District, In Town, Near Shopping, Near Public Transportatn
  • Lot Sqft10,890
  • Road Frontage60

Building

  • Year Built1900
  • ConstructionWood Frame
  • NumberOfUnitsInCommunity7
  • FoundationConcrete, Poured Concrete
  • Square Feet4,615
  • Available Sqft4,461
  • BasementConcrete Floor, Full, No Tenant Access, Sump Pump, Unfinished, Walkout, Exterior Access
  • Garage Spaces

Exterior

  • ExteriorClapboard, Vinyl Siding
  • RoofMembrane, Shingle - Asphalt
Jim Campbell Real Estate
Jim Campbell Real Estate
601 East Main Street
Newport, VT 05855
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Copyright 2022 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. 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 August 13, 2022 5:11 PM EDT.

 

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