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Courtesy of Alan Croteau of Real Property Options.

18 West Street

Newport, NH 03773
  • $409,000
  • STATUS: Active
  • ON SITE: 153 Days
  • MLS #: 4917813
UPDATED: 29 min ago
$409,000
  • 11
    BEDS
  • 0.25
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 4,461
    SQFT
  • $92
    $/SQFT
Type:
Multi-Family
Built:
1900
County:
Area:

School Information

Description

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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© 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 displayed on this 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 2022-11-28T16:05:41.753.
www.berkleyveller.com/homes/130322279
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18 West Street Newport, NH 03773

  • Price: $409,000
  • Status: Active
  • On Site: 153 Days
  • Updated: 29 min ago
  • MLS #: 4917813
11
Beds
6
Baths
0
½ Baths
0.25
Acres
4,461
SQFT
$92
$/SQFT
1900
Built
County:
Sullivan
Area:
Newport
Elementary School:
Richards Elementary School
Middle School:
Newport Middle And High School
High School:
Newport Middle High School
School District:
Newport Sch Dst Sau #58
Property Description
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.
Exterior Features

Area Description Business DistrictIn TownNear ShoppingNear Public Transportatn Color Tan Construction Wood Frame Driveway GravelPaved Exterior ClapboardVinyl Siding Exterior Features Fence - Partial Garage Description Direct EntryLeased Garage Type2 Under Has Garage Yes Lot Description City LotRiver FrontageSloping Parking On-Site Road Frontage Yes Road Frontage Length 60 Roads Dead EndPavedPublic Roof MembraneShingle - Asphalt Style Apartment BuildingMulti-FamilyMulti-Level Water Body Type River Waterfront Property Yes Waterfront Property Rights Exclusively Owned

Interior Features

Basement Access Type Walkout Basement Description Concrete FloorFullNo Tenant AccessSump PumpUnfinishedWalkoutExterior Access Cooling None Foundation ConcretePoured Concrete Has Basement Yes Heating Forced AirGas Heater Total Ranges 6 Total Refrigerators 6 Unit1 Baths 1 Unit2 Baths 1 Unit3 Baths 1 Unit4 Baths 1 Unit5 Baths 1 Unit6 Baths 0 Unit7 Baths 1 Water Heater ElectricGas - Lp/Bottle

Property Features

Auction No Construction Status Existing Easements Yes Electric 110 Volt220 VoltCircuit Breaker(S) Flood Zone Yes Foreclosed / Bank Owned / REO No Heat Fuel Gas - Lp/Bottle Possession At Closing Pre Construction No Seasonal No Separate Utilities Yes Sewer Public Tax Gross Amount 8561.3 Tax Rate 43 Tax Year 2022 Taxes Tbd No Total Electric Meters 7 Total Leases 7 Total1 Bed Units 2 Total2 Bed Units 3 Total3 Plus Bed Units 1 Trash Dumpster Unit1 Info Range - ElectricRefrigerator Unit1 Rental Amount 525 Unit1 Tenant Pays CoolingElectricHeat Unit2 Info Range - ElectricRefrigerator Unit2 Rental Amount 795 Unit2 Tenant Pays CoolingElectricHeat Unit3 Info Range - ElectricRefrigerator Unit3 Rental Amount 1000 Unit3 Tenant Pays CoolingElectricHeat Unit4 Info Range - ElectricRefrigerator Unit4 Rental Amount 650 Unit4 Tenant Pays CoolingElectricHeat Unit5 Info Range - ElectricRefrigerator Unit5 Rental Amount 725 Unit5 Tenant Pays CoolingElectricHeat Unit6 Rental Amount 200 Unit6 Tenant Pays Electric Unit7 Info Range - ElectricRefrigerator Unit7 Rental Amount 1050 Unit7 Tenant Pays CoolingElectricHeat Utilities Cable - AvailableDsl - AvailableHigh Speed Intrnt -AvailInternet - Cable Water MeteredPublic Water Restrictions Unknown Zoning Commercial/Industrial

Courtesy of Alan Croteau of Real Property Options: [IDXCONTACTINFORMATION].


© 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 displayed on this 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 2022-11-28T16:05:41.753.
 
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Berkley & Veller Greenwood Country Realtors
119 Western Avenue
Brattleboro VT, 05301