52 West Main Street Newport City, Vermont 05855 MLS# 5020705

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Sold Status

$180,000 Sold Price

Multi Type

5 Beds

3 Baths

2,008 Sqft

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

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Well maintained and 3-unit investment property. Two units are leased with long term tenants on month to month leases and Unit #2 with 3 bedrooms is vacant for a new owner to occupy or easily lease out. Separate utilities with tenants paying their own electric and heat expenses (unit #3 landlord pays heat). Landlord pays water/sewer, real estate taxes, mowing, plowing, rubbish and maintenance. Numerous updates over the past two years include a fully remodeled unit #3, foundation repairs, balcony, electrical & plumbing updates, painting and more. Vinyl windows, well cared for interiors, kitchen appliances included in each unit, 3 separate heating systems, public water/sewer and plenty of onsite parking. This is a turnkey and profitable investment property with great tenants. †

Property Location

52 West Main Street Newport City

Property Details

Essentials

Sold Price $180,000		Sold Date Feb 14th, 2025
List Price 189,500	Bedrooms 5	Garage Size Car
Cooperation Fee Unknown	Total Bathrooms 3	Year Built 1900
MLS# 5020705	Lot Size 0.22 Acres	Taxes $2,411
Type Multi-Family	Days on Market 142 Days	Tax Year 2025
Units 3	Stories 1/2/1900	Road Frontage 75
Annual Income $27,300	Style	Water Frontage
Annual Expenses $0	Finished 2,008 Sqft	Construction No, Existing
Zoning Newport	Above Grade 2,008 Sqft	Seasonal No
Total Rooms 5	Below Grade 0 Sqft	List Date Oct 31st, 2024

Expenses

Gross Income $27,300	Operating Expenses $0	Net Income $23,328

Expenses Includes

Unit Size & Rent

Unit 1 1 Beds, 1 Baths, $650/Monthly	Unit 2 3 Beds, 1 Baths, $0/Mo
Unit 3 1 Beds, 1 Baths, $825/Monthly

Building

Construction
BasementWalkout, Unfinished, Full, Walkout
Interior Features
Exterior Features

Exterior	Disability Features
Foundation Brick, Concrete, Fieldstone	House Color
Floors Other, Laminate	Building Certifications
Roof Metal, Shingle	HERS Index

Property

DirectionsFrom Main Street Newport, continue West to the three-way intersection with West Main St. & Lake Road. Straight onto West Main and this is the first property on the right.
Lot DescriptionUnknown, In Town, Neighborhood
Garage & Parking No, On Site, 6+ Parking Spaces, Parking Spaces 6+

Road Frontage 75	Water Access
Driveway Gravel	Water Type Lake
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, Hot Air, Individual	Excluded Washer & Dryer units are the tenants.
Heating/Cool None, Individual, Vented Gas Heater, Hot Air	Negotiable
Sewer Public	Parcel Access ROW
Water	ROW for Other Parcel
Water Heater	Financing
Cable Co	Documents Other, Lease Agreements, Deed, Tax Map
Electric Circuit Breaker	Tax ID 435-136-14921

† 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.