24 Judd Drive Newport City, Vermont 05855 MLS# 4902809

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Sold Status

$97,500 Sold Price

Multi Type

5 Beds

2 Baths

2,182 Sqft

Listed By Ryan Pronto of Jim Campbell Real Estate
Sold By Jim Campbell Real Estate

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Ideal investment property with this duplex/two-unit apartment building. This property has great rental history and a very solid annual return on investment. Most everything has been updated and well maintained over the years. Unit #1 is on the main level and features a two-bedroom unit with approx. 954 sq.ft, a full bath, laundry hook-ups and is heated with oil baseboard hot water. Unit #2 is on the 2nd & 3rd levels and features 1237sq.ft with 3 bedrooms, ¾ bath, laundry hook-ups and is heated with two wall unit propane heaters. Unit #2 is leased at $900/month and Unit #1 is vacant ($800+/month potential). Each unit pays their own utilities to include heat, electric, hot water, internet, etc. Numerous updates include all new flooring & interior paint in unit #1, roof 4-5 years old, hot water heaters, boiler & oil tank, appliances, etc. This is a great opportunity to own and operate your own multi-family investment property. †

Property Location

24 Judd Drive Newport City

Property Details

Essentials

Sold Price $97,500		Sold Date Jun 3rd, 2022
List Price 97,500	Bedrooms 5	Garage Size Car
Cooperation Fee Unknown	Total Bathrooms 2	Year Built 1880
MLS# 4902809	Lot Size 0.43 Acres	Taxes $1,812
Type Multi-Family	Days on Market 1548 Days	Tax Year 2022
Units 2	Stories 1/2/1900	Road Frontage 48
Annual Income $20,400	Style Duplex, Multi-Family, Multi-Level	Water Frontage
Annual Expenses $0	Finished 2,182 Sqft	Construction No, Existing
Zoning UR	Above Grade 2,182 Sqft	Seasonal No
Total Rooms 5	Below Grade 0 Sqft	List Date Mar 28th, 2022

Expenses

Gross Income $20,400	Operating Expenses $0	Net Income $16,431

Expenses Includes

Unit Size & Rent

Unit 1 2 Beds, 1 Baths, 945 SqFt, $800/Monthly	Unit 2 3 Beds, 1 Baths, 1,237 SqFt, $900/Monthly

Building

ConstructionWood Frame
BasementWalk-up, Storage Space, Unfinished, Partial, Other, Unfinished
Interior Features
Exterior Features

Exterior Asbestos, Vinyl Siding	Disability Features
Foundation Other, Concrete	House Color Burgundy
Floors Vinyl, Carpet	Building Certifications
Roof Shingle-Asphalt, Metal	HERS Index

Property

DirectionsFrom Main Street in downtown Newport, continue to West Main Street. Judd Drive is on the left just after the 3-way stop. This is the first property on the right.
Lot DescriptionNo, Sloping, City Lot, Near Hospital
Garage & Parking No, , , Driveway

Road Frontage 48	Water Access
Driveway Other, Gravel	Water Type
Flood Zone No	Water Body
Zoning UR

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, Gas-Lp/Bottle	Excluded Washer/ Dryer
Heating/Cool None, Baseboard, Wall Units, Hot Water, Wall Units	Negotiable
Sewer Public	Parcel Access ROW Yes
Water Public	ROW for Other Parcel Yes
Water Heater Electric	Financing
Cable Co	Documents Other, Deed, Tax Map
Electric Circuit Breaker	Tax ID 435-136-14467

† 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.