Back to Search ResultsSold Status
$161,500 Sold Price
Multi Type
3 Beds
3 Baths
2,472 Sqft
Sold By Century 21 Farm & Forest
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Solid Investment Opportunity!!!! Tired of the ups and downs of the stock market? This is an alternative. Three 1 BR/1 BA units in this multi-family home that underwent substantial renovations just a few years ago. Tenants pay their own heat and electric; owner plows, mows the lawn and pays water/sewer. There has never been a vacancy during seller's ownership. Seller is relocating. Property is in great condition and solid! Super location with easy access to Jay Peak & Newport City. Really great building with solid rental history; a sound investment! Could also be owner occupied with TWO rental incomes to support the mortgage! †
Property Location
Property Details
| Sold Price $161,500 | Sold Date Jan 17th, 2023 | |
|---|---|---|
| List Price 169,900 | Bedrooms 3 | Garage Size Car |
| Cooperation Fee Unknown | Total Bathrooms 3 | Year Built 1925 |
| MLS# 4937244 | Lot Size 0.12 Acres | Taxes $2,037 |
| Type Multi-Family | Days on Market 1314 Days | Tax Year 2022 |
| Units 3 | Stories 1/1/1900 | Road Frontage 50 |
| Annual Income $23,100 | Style Farmhouse | Water Frontage |
| Annual Expenses $0 | Finished 2,472 Sqft | Construction No, Existing |
| Zoning yes | Above Grade 2,472 Sqft | Seasonal No |
| Total Rooms 3 | Below Grade 0 Sqft | List Date Nov 17th, 2022 |
| Gross Income $23,100 | Operating Expenses $0 | Net Income $16,663 |
|---|
| Expenses Includes |
|---|
| Unit 1 1 Beds, 1 Baths, $675/Monthly | Unit 2 1 Beds, 1 Baths, $650/Monthly |
|---|---|
| Unit 3 1 Beds, 1 Baths, $600/Monthly |
| ConstructionWood Frame |
|---|
| BasementWalkout, Full, Concrete, Exterior Stairs, Stairs - Exterior, Exterior Access |
| Interior Features |
| Exterior Features |
| Exterior Vinyl | Disability Features |
|---|---|
| Foundation Block, Poured Concrete | House Color Yellow |
| Floors | Building Certifications |
| Roof Shingle-Asphalt | HERS Index |
| DirectionsFrom center of Newport Town (at flashing light), take Vance Hill. Property is on the left, almost across from Town Clerk. |
|---|
| Lot DescriptionNo, Level, City Lot |
| Garage & Parking No, , , On Site, 3 Parking Spaces |
| Road Frontage 50 | Water Access |
|---|---|
| Driveway Gravel | Water Type |
| Flood Zone No | Water Body |
| Zoning yes |
| School District North Country Supervisory Union | Middle North Country Junior High |
|---|---|
| Elementary Newport Center Elementary | High North Country Union High Sch |
| Heat Fuel , Gas-Lp/Bottle | Excluded |
|---|---|
| Heating/Cool None, Wall Units | Negotiable |
| Sewer Public | Parcel Access ROW |
| Water Public | ROW for Other Parcel |
| Water Heater Electric, Owned | Financing |
| Cable Co | Documents Deed, Tax Map |
| Electric Circuit Breaker | Tax ID 438-137-10091 |
† The remarks published on this webpage originate from Listed By Lyell Reed of Century 21 Farm & Forest 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.
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