18 WEST STREET Newport, NH 03773 | Multi-Family
$369,000 ![]()
Closed
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1
4615 sqft.
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Description
Don't wait on this one! This property is nicely located, right in the middle of Newport and only 15 minutes to Claremont and 10 minutes to Sunapee. This fully occupied income property has separate electric meters and heating that is paid for directly by the Tenants. 2022 current gross income is proposed to be $58,298 and with the actual 2021 operating expenses; should leave an NOI of approximately $28,298. At the offer price the property is currently available at around a 7.0% cap rate. Detailed financials are available after signing a Confidentiality and Non-Disclosure Agreement.
Property Details
List Price
$409,000
Sold Price
$369,000
List Date
2022-06-27
Sold Date
2023-08-31
MLS ID
4917813
Status
Closed
Property Type
Multi-Family
County
NH-Sullivan
Days on Market
303
structure
AG Finished Area
3488.0
basement
Yes
cooling
None
Features Exterior
Fence - Partial
foundation details
Concrete, Poured Concrete
garage spaces
1.0
garage y n
Yes
heating
Forced Air, Gas Heater
living area
4615.0
living area units
Square Feet
new construction
Existing
Parking Features
Gravel, Paved
roof
Membrane, Shingle - Asphalt
stories
2
year built
1900
characteristics
Acres
0
lot size area
0.25
Lot SqFt
10890.0
lot size units
Acres
# of Units
7
possible use
Unknown
road frontage type
Dead End, Paved, Public
road surface type
Dead End, Paved, Public
view
River
water body name
Sugar River
waterfront y n
Yes
school
elementary school
Richards Elementary School
high school
Newport Middle High School
middle or junior school
Newport Middle and High School
tax
tax annual amount
8561.3
tax year
2022
zoning
Commercial/Industrial
contract
foreclosure y n
No
compensation
Buyer Agency Comp.
3
Buyer Agency Comp. Type
%
Compensation Disclaimer
The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PRIMEMLS.
This listing was last updated on 3/18/2024 7:32:11 AM (UTC)
