Bought with Elijah VanDenBerg • KW Coastal and Lakes & Mountains Realty
$369,000
$409,000
9.8%For more information regarding the value of a property, please contact us for a free consultation.
18 West ST Newport, NH 03773
11 Beds
6 Baths
4,461 SqFt
Key Details
Sold Price $369,000
Property Type Multi-Family
Sub Type Apartment Building,Multi-Family,Multi-Level
Listing Status Sold
Purchase Type For Sale
Square Footage 4,461 sqft
Price per Sqft $82
MLS Listing ID 4917813
Sold Date 08/31/23
Style Apartment Building,Multi-Family,Multi-Level
Bedrooms 11
Full Baths 6
Construction Status Existing
Year Built 1900
Annual Tax Amount $8,561
Tax Year 2022
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type Apartment Building,Multi-Family,Multi-Level
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.
Location
State NH
County Nh-sullivan
Area Nh-Sullivan
Zoning Commercial/Industrial
Body of Water River
Rooms
Basement Entrance Walkout
Basement Concrete Floor, Full, No Tenant Access, Sump Pump, Unfinished, Walkout, Exterior Access
Interior
Heating Gas - LP/Bottle
Cooling None
Exterior
Exterior Feature Clapboard, Vinyl Siding
Parking Features Under
Garage Spaces 1.0
Garage Description On-Site
Utilities Available Cable - Available, DSL - Available, High Speed Intrnt -Avail, Internet - Cable
Roof Type Membrane,Shingle - Asphalt
Building
Lot Description City Lot, River Frontage, Sloping
Story 2.5
Foundation Concrete, Poured Concrete
Sewer Public
Water Metered, Public
Construction Status Existing
Schools
Elementary Schools Richards Elementary School
Middle Schools Newport Middle And High School
High Schools Newport Middle High School
School District Newport Sch Dst Sau #58
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