124 Prospect Street Newport City, Vermont 05855 MLS# 4854347

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Sold Status

$150,000 Sold Price

Multi Type

5 Beds

3 Baths

3,224 Sqft

Listed By Ryan Pronto of Jim Campbell Real Estate
Sold By Century 21 Farm & Forest

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Great investment opportunity with this nicely maintained and renovated 3-unit apartment building. Well established income producing property with superb long term tenants (Unit #3, 24+ years). Low maintenance with updated vinyl siding & windows, shingled roof, electrical, plumbing, hard wired smoke detectors, heating system, blown-in insulation in 2021, etc. Unit #1 is the largest of the units with 3 bedrooms and 1 bath on two levels. Unit #2 is on the ground level with one bedroom and access to a private enclosed rear porch. Unit #3 is a second floor one bedroom unit with access to a private enclosed porch. Each unit includes the kitchen appliances and access to common washer/dryer hookups in the basement. Great location on the outskirts of downtown, walking distance to all amenities and is a great income producing property with financials available. †

Property Location

124 Prospect Street Newport City

Property Details

Essentials

Sold Price $150,000		Sold Date Jun 14th, 2021
List Price 159,000	Bedrooms 5	Garage Size Car
Cooperation Fee Unknown	Total Bathrooms 3	Year Built 1890
MLS# 4854347	Lot Size 0.09 Acres	Taxes $3,707
Type Multi-Family	Days on Market 1903 Days	Tax Year 2021
Units 3	Stories 1/2/1900	Road Frontage 51
Annual Income $25,200	Style Multi-Family	Water Frontage
Annual Expenses $0	Finished 3,224 Sqft	Construction No, Existing
Zoning Newport	Above Grade 3,224 Sqft	Seasonal No
Total Rooms 5	Below Grade 0 Sqft	List Date Apr 7th, 2021

Expenses

Gross Income $25,200	Operating Expenses $0	Net Income $17,141

Expenses Includes

Unit Size & Rent

Unit 1 3 Beds, 1 Baths, 1,742 SqFt, $750/Monthly	Unit 2 1 Beds, 1 Baths, 695 SqFt, $650/Monthly
Unit 3 1 Beds, 1 Baths, 787 SqFt, $700/Monthly

Building

ConstructionWood Frame
BasementInterior, Unfinished, Storage Space, Full
Interior Features
Exterior Features

Exterior Vinyl Siding	Disability Features
Foundation Brick, Stone, Granite	House Color Gray
Floors Vinyl, Carpet, Hardwood	Building Certifications
Roof Shingle-Asphalt	HERS Index

Property

DirectionsMain St. Newport to Third Street. Follow to the intersection of Prospect St and turn right. This property is the second on the right.
Lot DescriptionNo, Level, City Lot, Sidewalks
Garage & Parking No, , , Driveway

Road Frontage 51	Water Access
Driveway Paved	Water Type
Flood Zone No	Water Body
Zoning Newport

Schools

School District Orleans Essex North	Middle North Country Junior High
Elementary Newport City Elementary	High North Country Union High Sch

Utilities

Heat Fuel , Oil	Excluded
Heating/Cool None, Radiators, Hot Water	Negotiable
Sewer Public	Parcel Access ROW No
Water Public	ROW for Other Parcel No
Water Heater Tank, Oil, Off Boiler	Financing
Cable Co Comcast	Documents Lease Agreements, Deed, Tax Map
Electric Circuit Breaker	Tax ID 435-136-15260

† The remarks published on this webpage originate from Listed By Ryan Pronto of Jim Campbell Real Estate via the PrimeMLS IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman cannot be held responsible for possible violations of copyright resulting from the posting of any data from the PrimeMLS IDX Program.