152 Prospect ST, Newport City, VT 05855 – 5024158

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Lisa Sevajian

lisa.sevajian@compass.com +1(978) 457-3406

Listed by Constance Isabelle • Century 21 Farm & Forest

$ 375,000

Est. payment -/mo

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Active

152 Prospect ST Newport City, VT 05855

4 Beds

4 Baths

2,586 SqFt

UPDATED:

12/21/2024 08:54 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,586 sqft

Price per Sqft $145

MLS Listing ID 5024158

Bedrooms 4

Full Baths 4

Construction Status Existing

Year Built 1885

Annual Tax Amount $4,746

Tax Year 2024

Lot Size 8,276 Sqft

Acres 0.19

Property Description

This beautiful property has a revenue potential of $20,000-$40,000 annually, depending on the number of units available for rental. The owner is a superhost on Airbnb with a 4.7 rating. The owner lives in one of the units and rents out the others. The property is already booked into 2025. All that is missing from this beautiful property is an outside paint job, for which the seller is willing to discount the property by $10,000. This property is an exceptional investment opportunity with upscale extended-stay suites in a small Vermont city. This unique property perfectly fills a high-demand niche for quality, short-term accommodations. The property consists of four rental units. Each rental unit (except the owner's suite) comes fully furnished, providing a turnkey solution for tenants and offering modern amenities in a vintage setting. This property is located within easy reach of key local amenities and beautiful Lake Memphremagog. The building features a shared washer/dryer in the basement and a washer/dryer in the owner's unit for added convenience. This property is currently leased to essential workers. The building has been completely renovated to meet today's needs while maintaining the charming vintage feel that adds character and appeal. This is a fantastic opportunity to have rental income support your lifestyle, whether you're looking for a stable business venture or a unique way to live in one unit and have other units produce income to offset living cost.

Location

State VT

County Vt-orleans

Area Vt-Orleans

Zoning UR

Rooms

Basement Entrance Walkout

Basement Daylight, Full, Storage Space, Unfinished

Interior

Cooling Individual

Exterior

Garage Spaces 2.0

Utilities Available Cable, Other

Roof Type Metal

Building

Story 2.5

Foundation Concrete, Granite, Stone

Sewer Public

Construction Status Existing

Schools

Elementary Schools Newport City Elementary

Middle Schools North Country Junior High

High Schools North Country Union High Sch

Lisa Sevajian

Agent | License ID: 95000355

+1(978) 457-3406

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Lisa Sevajian

152 Prospect ST Newport City, VT 05855

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152 Prospect ST