29 Campbell Road Newport City, Vermont 05855 MLS# 4990359

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Sold Status

$672,000 Sold Price

Multi Type

8 Beds

7 Baths

8,500 Sqft

Listed By Ryan Pronto of Jim Campbell Real Estate
Sold By Keller Williams Realty-Metropolitan
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29 Campbell Road

4-unit multi-family home with a spacious 6500+ sq.ft to include the main home and 3 fully furnished income producing suites. Currently utilized as a single family home with approx. $58K annual rental revenue from the 3 suites and potential for much higher revenue by leasing out the main home. The main living quarters feature nearly 3600sq.ft with 3 bedrooms, 3.5 baths (each bedroom has its own bath), cathedral ceilings, 1st & 2nd floor primary bedroom suites, entry from the 3-car heated garage and access to the deck & gazebo area. Suite A is a studio with approx. 950sq.ft., Suite B offers approx. 1000sq.ft w/ 2 guest rooms, and Suite C (above garage) offers 1042sq.ft w/ 2 guest rooms, vaulted ceilings and a private balcony. All three suites have a great rental history (financials on file) with longer term tenants in Suites A&B and profitable short term rental history for Suite C. Each suite has its own washer/dryer and secured private living quarters that can also be unlocked for access between each unit for larger living areas if desired. This would be ideal for a large multi-generational household, in-law suites, home offices and/or B&B potential. Newer roof, radiant heated floors, mini-split AC units, whole house generator, secondary heat via a pellet boiler, storage sheds, pavilion, putting green & more. Unique opportunity to own this amazing property with exceptional landscaping and beautiful views overlooking Lake Memphremagog. Great deal to offer for the price!

Property Location

29 Campbell Road Newport City

Property Details

Sold Price  $672,000 Sold Date  Oct 24th, 2024
List Price  699,000 Bedrooms  8 Garage Size  3 Car
Cooperation Fee  Unknown Total Bathrooms  7 Year Built  2002
MLS#  4990359 Lot Size  1.05 Acres Taxes $12,348
Type  Multi-Family Days on Market  251 Days Tax Year 2024
Units  4 Stories  1/2/1900 Road Frontage  220
Annual Income  $57,895 Style   Water Frontage  
Annual Expenses  $0 Finished  8,500 Sqft Construction  No, Existing
Zoning   GR Above Grade  6,564 Sqft Seasonal  No
Total Rooms  8 Below Grade  1,936 Sqft List Date  Apr 5th, 2024
Gross Income  $57,895 Operating Expenses  $0 Net Income  $23,367
Expenses Includes 
Unit 1   1 Beds, 1 Baths, 950 SqFt, $1,300/Monthly Unit 2   2 Beds, 1 Baths, 1,000 SqFt, $1,495/Monthly
Unit 3   2 Beds, 1 Baths, 1,042 SqFt, $0/Other Unit 4   3 Beds, 4 Baths, 3,600 SqFt, $0/Mo
Construction
BasementInterior, Apartments, Finished, Finished, Walkout
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Concrete House Color  Tan
Floors  Tile, Vinyl, Laminate, Hardwood Building Certifications  
Roof  Shingle-Architectural HERS Index  
DirectionsI-91 to Exit 27 in Newport. Continue to Main St. and follow onto Lake Rd. Continue to Campbell Cottage Rd. (approx. 2 miles) on right. This is the first home on the left.
Lot Description, Snowmobile Trail, Near Paths, Near Skiing, Near Snowmobile Trails, Neighborhood, Other, Windows - Double Pane
Garage & Parking  Yes, Garage, Driveway, Garage, Attached
Road Frontage  220 Water Access  
Driveway  Paved Water Type  Lake
Flood Zone  No Water Body  
Zoning  GR
School District  Orleans Essex North Middle  North Country Junior High
Elementary  Newport City Elementary High  North Country Union High Sch
Heat Fuel  , Pellet, Oil Excluded  
Heating/Cool  Mini Split, Baseboard, Heat Pump, Heat Pump, Radiant Floor Negotiable  
Sewer  Public, Metered Parcel Access ROW  
Water   ROW for Other Parcel  
Water Heater   Financing  
Cable Co   Documents  Property Disclosure, Deed, Other, Tax Map, Town Permit
Electric  Generator, 200 Amp, Circuit Breaker Tax ID  435-136-14477
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† 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.