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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Basic Information

StatusActive With Contract
List Price$409,000
MLS Number4917813
MLS StatusActive Under Contract

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 Public Transportatn, Near Shopping

Amenities

Exterior AmenitiesFence - Partial

Water Body

Water Body TypeRiver
Water Body NameSugar River
Water AccessOwned

Other

Taxes$8,561.3
Seasonal Y/NNo
TrashDumpster
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 Count10

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

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

School Name	Distance	Type	Grades

Copyright 2023 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 June 9, 2023 7:53 AM EDT

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Your Questions & Comments I found a listing on "LindeMac Real Estate" which you may be interested in:

18 West StreetNewport, NH 03773MLS Number 4917813

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