Newport City, VT 05855,42 Central ST
Listed by Nicholas Maclure • Century 21 Farm & Forest
Bought with Nikki Peters • StoneCrest Properties, LLC

$365,000

Est. payment /mo

$385,000

5.2%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

42 Central ST Newport City, VT 05855

7,018 SqFt

SOLD DATE : 01/18/2019

Key Details

Sold Price $365,000

Property Type Commercial

Sub Type Investment,Multi-Family,Office,Opportunity,Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 7,018 sqft

Price per Sqft $52

MLS Listing ID 4698521

Sold Date 01/18/19

Year Built 1920

Annual Tax Amount $6,345

Tax Year 2017

Lot Size 5,662 Sqft

Acres 0.13

Property Description

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.

Location

State VT

County Vt-orleans

Area Vt-Orleans

Zoning commercial/residental

Rooms

Basement Entrance Interior

Basement Full, Unfinished

Interior

Heating Gas - LP/Bottle, Oil

Cooling None

Equipment Security System, Smoke Detector

Exterior

Exterior Feature Brick

Parking Features On-Site, On Street

Garage Description On-Site, On Street

Roof Type Flat,Membrane,Other

Building

Lot Description City Lot

Foundation Concrete

Sewer Public

Water Public

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


PrimeMLS

Gail Beardmore

License Partner/Broker | License ID: 081.0004359

+1(802) 236-5431

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.