152 Prospect ST Active Save Request In-Person Tour Request Virtual Tour
Newport City,VT 05855
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
Year Built 1885
Annual Tax Amount $4,746
Tax Year 2024
Lot Size 8,276 Sqft
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
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
Schools
Elementary Schools Newport City Elementary
Middle Schools North Country Junior High
High Schools North Country Union High Sch