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.
Closed
Listed by:
Alan M Croteau,
Real Property Options 603-504-6460,
Becca B Hastings,
Real Property Options
Bought with: KW Coastal and Lakes & Mountains Realty
$369,000
18 West Street, Newport, NH 03773
11beds
4,461sqft
Multi Family
Built in 1900
-- sqft lot
$497,700 Zestimate®
$83/sqft
$1,579 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: September 01, 2023 at 10:09am
Listed by:
Alan M Croteau,
Real Property Options 603-504-6460,
Becca B Hastings,
Real Property Options
Bought with:
Elijah VanDenBerg
KW Coastal and Lakes & Mountains Realty
Source: PrimeMLS,MLS#: 4917813
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Propane, Forced Air, Gas Heater
Cooling
- None
Appliances
- Included: Electric Water Heater, Propane Water Heater
Features
- Basement: Concrete Floor,Full,No Tenant Access,Sump Pump,Unfinished,Walkout,Exterior Entry,Walk-Out Access
Interior area
- Total structure area: 4,615
- Total interior livable area: 4,461 sqft
- Finished area above ground: 3,488
- Finished area below ground: 973
Property
Parking
- Total spaces: 1
- Parking features: Gravel, Paved, Direct Entry, Leased, On Site, Underground
- Garage spaces: 1
Features
- Levels: 2.5,Multi-Level
- Fencing: Partial
- Waterfront features: River Front
- Body of water: Sugar River
- Frontage length: Road frontage: 60
Lot
- Size: 0.25 Acres
- Features: City Lot, Sloped, In Town, Near Shopping, Near Public Transit
Details
- Zoning description: Commercial/Industrial
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Clapboard Exterior, Vinyl Siding
- Foundation: Concrete, Poured Concrete
- Roof: Membrane,Asphalt Shingle
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: 110 Volt, 220 Volts, Circuit Breakers
- Sewer: Public Sewer
- Water: Metered, Public
- Utilities for property: Cable Available
Community & neighborhood
Location
- Region: Newport
Other
Other facts
- Road surface type: Paved