42 Central StreetNewport City, VT 05855MLS Number 4706629

  • Price: $385,000
  • Est. Mortgage of $/month
  • 158 Days on Market
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Federal 30-year interest rate: 4.63% last updated on Dec 13, 2018
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.13Acreage
  • 3Bathroom
  • 1920Year Built
  • 7018Square Feet

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The Express & Standard Building is a staple of downtown Newport. This 1920's building has been painstakingly restored and updated to meet modern day demands. From the exterior brickwork and columns to the interior stamped tin ceilings and lovely woodwork, which includes hardwood floors, custom built-ins, antique kitchen cabinets and wainscoting. The main floor consists of a lovely commercial space plus rear shop space. The second floor hosts two beautiful suites, each with their own heat and electric. SUITE 201 is 1-bedroom and SUITE 202 is 2-bedroom. SUITE 301 is on the 3rd floor and offers 4 bedrooms, front and rear decks as well as its own heat and electric. A substantial list of upgrades is available to potential buyers. Gross Rent per year is $58,980 and increases 2% per year. Annual expenses of $26,145 include taxes, insurance, heat/electric (owner pays some heat/electric), water/sewer, maintenance, trash and cleaning. This fully leased building would make a great investment for those that want to own a proud piece of Newport's history and future.

Listed by Nicholas Maclure of Century 21 Farm & Forest

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More Info

Parking

  • Parking Spaces

Building

  • Year Built1920
  • Building ConstructionMasonry
  • StyleApartment Building, Freestanding, Historic Vintage
  • Units5
  • Unit 1 Bath1
  • Unit 1 Floor Location1
  • Unit 1 Total Rooms2
  • Unit 2 Bath1
  • Unit 2 Floor Location1
  • Unit 2 Total Rooms2
  • Unit 3 Bath1
  • Unit 3 Bedrooms1
  • Unit 3 Floor Location2
  • Unit 3 Style1 BR/1 BA Apt
  • Unit 3 Total Rooms3
  • Unit 4 Bath1
  • Unit 4 Floor Location2
  • Unit 4 Style2 BA/1 BA Apt
  • Unit 4 Total Rooms4
  • Unit 5 Baths1
  • Unit 5 Bedrooms4
  • # of 1 Bedrooms1
  • # of 2 Bedrooms1
  • # of 3 Bedrooms1
  • Bathroom3
  • Total Baths3
  • BasementFull, Unfinished
  • FoundationConcrete

Basic Information

  • Virtual TourClick Here
  • Date Listed07/13/2018
  • StatusActive With Contract
  • Property TypeMulti-Family
  • List Price$385,000
  • Agent NameMaclure
  • Broker NameCentury 21 Farm & Forest
  • MLS Number4706629

Property

  • Acreage0.13
  • Square Feet7018
  • APX Fin AG Sqft7018
  • Road Frontage50
  • RoadsPaved, Public
  • Lot Description
    • Business District
    • Commercial Zoning
    • Near Golf Course
    • Near Paths
    • Near Shopping
    • Near Skiing
    • Near Snowmobile Trails
    • Neighborhood City Lot

Amenities

  • Exterior AmenitiesPorch - Covered

Location

  • Building Number42
  • StreetCentral
  • TownNewport City
  • StateVT
  • Zip05855
  • CountyOrleans
  • Elementary SchoolNewport City Elementary
  • Junior HighNorth Country Junior High
  • High SchoolNorth Country Union High Sch
  • Flood Zone Y/NNo

Interior

  • FloorsWood

Exterior

  • ExteriorBrick
  • RoofFlat, Membrane, Other
  • Exterior ColorBrick

Utilities

  • Heat FuelGas - LP/Bottle, Oil
  • Heat SystemBaseboard, Direct Vent
  • WaterPublic
  • Water HeaterOn Demand, Tank
  • ElectricCircuit Breaker(s)
  • SewerPublic

Other

  • Seasonal Y/NNo
  • bloggingYes
  • Page335
  • Book206
  • Delayed ShowingsNo
  • Number of Photos39
  • View Count3
StoneCrest Properties
StoneCrest Properties
Office: 802-626-4790
101 Depot Street
Lyndonville, VT 05851
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Copyright 2018 Northern New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. Subject to errors, omissions, prior sale, change or withdrawal without notice. This web site is updated daily.

 

 

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