SoldJan 18, 2019

Listed by Nicholas Maclure from Century 21 Farm & Forest

Source: New England Real Estate Network #3yd-NNERENNH-4706629

42 Central St, Newport, VT, 05855

$365,000

7
5
7018 sq. ft.
0.13 ac.

Apartment

•

30+ days on the market

Sold: Jan 18, 2019

What's around 42 Central St

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.

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2
1
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