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$269,900 | $72 per sq.ft. A 6  Unit Multi Family Home, in Newport NH With 3 - One Bedroom Units | 3 - Two Bedroom Units MLS# 4699612



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Listed by Joseph Theriault Bentley's on June 12th 2018


DESCRIPTION


***A must see investment property.*** Building is with in walking distance of the Newport NH down town area . Where tenants love the ability to walk to everything they need and be able to enjoy the amenities of the towns Weekly Farmer markets and Craft Fairs all summer on the town common. 4 out of the 6 units have been renovated with new floors and Fresh Paint. 3 of the units have long term tenants that have lived in the property for years. Tenants really enjoy that not only are they walking distance to everything but they have a lovely large back yard to enjoy. All Tenants pay their own Electricity. and have plenty of off street parking.
Gross Income : $61800

Heat Expense : $6440
Utilities Expense : $1019
Water/Sewer Expense : $2022
Snow Removal : $805
Trash Expense : $1262

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UNIT 1 INFORMATION

Beds: 2
Baths: 1
Rooms: 5
Level: 1
Tenant Pays : Electric
Rent : 900.00 Monthly
Lease Term : Month to Month
Signed Lease : No
Status : Month to Month

UNIT 2 INFORMATION

Beds: 2
Baths: 1
Rooms: 4
Level: 2
Tenant Pays : Electric
Rent : 925.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased

UNIT 3 INFORMATION

Beds: 1
Baths: 1
Rooms: 3
Level: 1
Rent : 850.00 Monthly
Lease Term : Month to Month
Signed Lease : No
Status : Leased

UNIT 4 INFORMATION

Beds: 1
Baths: 1
Rooms: 3
Level: 2
Tenant Pays : Electric

UNIT 5 INFORMATION

Beds: 2
Baths: 1
Rooms: 3
Level: 1
Tenant Pays : Electric
Rent : 775.00 Monthly
Lease Term : Month to Month
Signed Lease : No

UNIT 6 INFORMATION

Beds: 2
Baths: 1
Rooms: 3
Level: 2
Tenant Pays : Electric
Rent : 850.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased

CONSTRUCTION

Insulation-FiberglssBatt | Exterior Color brick | Year Built: 1910
No. of Floors:2
Total Sq.Ft. Finished: 3752
Above Grade Sq.Ft.: 3752
Apx Below Grade Unfinished Sq.Ft.: 930
Price Per SQ.FT. 71.93
Basement: Crawl Space | Full | Unfinished
Foundation: Stone
Heating: Hot Water
Cooling: None
HeatFuel: Oil
WaterHeater: Oil
Electric: 200 Amp
Electric Meters: 6
Gas_Meters: 0
Style: Multi-Family
Exterior: Brick | Vinyl Siding
Roof: Shingle - Asphalt
Water: Public
Sewer: Public
Garage And Parking: Off Street
Seasonal: No

LAND LOT INFORMAITION

Lot Description: Level
Lot size: 0.42 acres
Zoned: PBD10P
Surveyed: Unk
Flood Zone: Unknown
Roads: Public
Road Frontage: 83
Driveway: Dirt

PROPERTY INFORMATION

Taxes $6,738

AREA INFORMATION

School District: Newport Town School District
Elementary School: Richards Elementary School
Middle School: Newport Middle and High School
High School: Newport Middle High School