42 Central St

Newport VT 05855

7018 sq. ft.

0.13 ac.

Apartment

Last sold for $365,000

Nicholas Maclure, last sold this property on 18 January 2019 after 737076 days on market.

Overview

Apartment Building,Freestanding,Historic Vintage - Multi-Family

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.

Features

7 bedrooms

5 bathrooms

7018 sq. ft. floor area

0.13 ac. lot size

Apartment

Estimated Value

We need at least 3 similar 7 bedroom apartments sold in Newport over the last 12 months.

Property history for 42 Central St

2019

Sold

$365,000

18 Jan 2019 by Nicholas Maclure, of Century 21 Farm & Forest

Happy sellers in Newport

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