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Courtesy of Alan Croteau of Real Property Options.

18 West Street

Newport, NH 03773
  • $409,000
  • STATUS: Active
  • MLS #: 4918132
$409,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,461
    SQFT
  • $92
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1900
County:
Area:

School Ratings & Info

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.

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© Copyright 2022 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2022-11-26T00:05:43.237.
www.teamtringali.com/homes/130385488
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18 West Street Newport, NH 03773

  • Price: $409,000
  • Status: Active
  • On Site: Days
  • MLS #: 4918132
0
Beds
0
Baths
0
½ Baths
0.25
Acres
4,461
SQFT
$92
$/SQFT
1900
Built
Neighborhood:
Newport
County:
Sullivan
Area:
Newport
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.
Exterior Features

Construction Wood Frame Exterior ClapboardVinyl Siding Lot Description City LotRiver FrontageSloping Road Frontage Yes Road Frontage Length 60 Roof MembraneShingle - Asphalt Water Body Type River Waterfront Property Yes Waterfront Property Rights Exclusively Owned

Interior Features

Basement Yes Basement Access Type Walkout Basement Description Concrete FloorFullNo Tenant AccessSump PumpUnfinishedWalkoutExterior Access Cooling None Foundation ConcretePoured Concrete Heating Forced AirGas Heater Sq Ft Total Building 4615 Sq Ft Total Source Public Records

Property Features

Area Description Business DistrictIn TownNear ShoppingNear Public Transportatn Auction No Covenants Yes Electric 110 Volt220 VoltCircuit Breaker(S) Flood Zone Yes Foreclosed / Bank Owned / REO No Heat Fuel Gas - Lp/Bottle Pre Construction No Sale Includes Building Seasonal No Sewer Public Sub Property Type BusinessInvestmentMulti-Family Surveyed Unknown Tax Gross Amount 8561.3 Tax Rate 43 Tax Year 2022 Taxes Tbd No Utilities Cable - AvailableDsl - AvailableHigh Speed Intrnt -AvailInternet - Cable Vacant Land No Water MeteredPublic Water Restrictions Unknown Zoning Commercial/Industrial

Courtesy of Alan Croteau of Real Property Options: [IDXCONTACTINFORMATION].


© Copyright 2022 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2022-11-26T00:05:43.237.
 
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