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18 West Street, Newport, NH 03773
$369,000
18 West Street, Newport, NH 03773View this property at 18 West Street, Newport, NH 03773
18 West StreetNewportNH03773
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Property 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.
Full Property Details
Full Property Details for 18 West St
General
- Sold For: $369,000
- Taxes: $8,561 (2022)
- Status: Closed
- Type: Multi-Family
- MLS ID: 4917813
- Added to Site: 679 day(s) ago
Rental Information
- Lease Terms: Unit1=Annual, Unit2=Annual, Unit3=Annual, Unit4=Annual, Unit5=Annual, Unit6=Annual, Unit7=Annual,
Rooms
Bathrooms
- Total Bathrooms: 4
- 3/4 Bathrooms: 4
Exterior
- Exterior Features: Fence - Partial
- Color: Tan
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 1
- Parking: On-Site
- Garage Description: Direct Entry, Leased
Location
- County: Sullivan
- Neighborhood: Business District, In Town, Near Shopping, Near Public Transportatn
- Condo Project Name: Monthly
- Driving Directions: In the center of Newport; go west onto West Street (between Harrington Jewelers and the County Courthouse); take the left (as you are going to Arnold Campbell Street) as you continue on West Street. The property is directly in front of you.
School Information
- School District: Newport Sch Dst SAU #58
- Elementary School: Richards Elementary School
- Middle School: Newport Middle and High School
- High School: Newport Middle High School
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air, Gas Heater
- Heating Fuel: Gas - LP/Bottle
- Water Heater: Electric, Gas - LP/Bottle
Utilities
- Sewer: Public
- Water: Metered, Public
- Trash: Dumpster
- Separate Meters: Yes
- # Electric Meters: 7
Structural Information
- Architectural Style: Apartment Building, Multi-Family, Multi-Level
- Construction Status: Existing
- Construction: Wood Frame
- Exterior Const.: Clapboard, Vinyl Siding
- Basement: Yes
- Basement Entrance: Walkout
- Basement Desc.: Concrete Floor, Full, No Tenant Access, Sump Pump, Unfinished, Walkout, Exterior Access
- Roof: Membrane, Shingle - Asphalt
- Stories/Levels: 2.5
- Finished Total: 4,461 Sq. Ft.
- Finished Above Grnd: 3,488 Sq. Ft.
- Finished Below Grnd: 973 Sq. Ft.
- Year Built: 1900
Unit Information
- 1 Bedroom Units: 2
- 2 Bedroom Units: 3
- 3 Bedroom Units: 1
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
Unit 1
- Level: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Level: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 3
- Level: 2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Level: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 5
- Includes/Amenities: Range - Electric, Refrigerator
- Bedrooms: 1
Unit 6
- Unit Description: Single Bay Garage
Unit 7
- Total Rooms: 4
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.25
- Lot Size (Sq. Ft.): 10,890
- Frontage: Yes Road Frontage
- Frontage Feet: 60
- Street/Road Desc.: Dead End, Paved, Public
- Driveway/Sidewalk: Gravel, Paved
- Zoning: Commercial/Industrial
- Lot Description: City Lot, River Frontage, Sloping
Water Features
- Water Front: Yes
- Water Front Type: River
- Water Front Name: Sugar River
- Water Front Owned: 1
Financial Considerations
- Price Per Sq. Ft.: $117.26
- Tax Amount: $8,561.3
- Tax Year: 2022
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Lot Number: 149
- Flood plain: Yes
Listed by Real Property Options, Alan M Croteau and Becca B Hastings
Sold by KW Coastal and Lakes & Mountains Realty, Elijah. VanDenBerg
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Schools
Schools serving 18 West St
School District:Newport School District
Rating | Name | Grades | Distance |
---|---|---|---|
21 School St, Newport, NH 03773 | PK-5 | 0.2 mi | |
245 N Main St, Newport, NH 03773 | 6-12 | 0.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 18 West St
Date
Details
Price
Change
Source
8/31/2023
Sold
$369,000
-9.78%
MLS
6/27/2022
Listed
$409,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
18 West Street, Newport, NH 03773 (MLS# 4917813) is a Multi-Family property that was sold at $369,000 on August 31, 2023. Want to learn more about 18 West Street? Do you have questions about finding other Multi-Family real estate for sale in Newport? You can browse all Newport real estate or contact a Coldwell Banker agent to request more information.