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.
Lot & Building Features
UtilitiesCable, Other
ConstructionWood Frame, Wood Siding
CoolingIndividual
HeatingBaseboard, Multi Zone, Hot Water
SewerPublic
Tax Year2024
Taxes Paid$4,746
WaterPublic
Basement DescriptionDaylight, Unfinished, Storage Space, Full
FoundationConcrete, Stone, Granite
Lot DescriptionCity Lot, Street Lights, Sidewalks, Near Shopping, Near School(s), Near Hospital, In Town
RoofMetal
GarageYes
Community and Schools
Elementary SchoolNewport City Elementary
Junior High SchoolNorth Country Junior High
Senior High SchoolNorth Country Union High Sch
Unit Features
Unit 1 Apx Sqft639
Unit 1 Baths1
Unit 1 Bedrooms1
Unit 1 InfoAppliances Included, Heat Included
Unit 1 Level Number2
Unit 1 Rooms3
Unit 2 Apx Sqft771
Unit 2 Baths1
Unit 2 Bedrooms1
Unit 2 InfoAppliances Included, Heat Included, Furnished
Unit 2 Level Number1
Unit 2 Rooms4
Unit 3 Apx Sqft361
Unit 3 Baths1
Unit 3 Bedrooms1
Unit 3 Level Number2
Unit 3 Rooms3
Unit 4 Apx Sqft373
Unit 4 Baths1
Unit 4 Bedrooms1
Unit 4 InfoAppliances Included, Heat Included, Furnished
Unit 4 Level Number2
Unit 4 Rooms2
Price History of 152 Prospect Street, Newport City, VT
Date
Name
Price
Difference
12/09/2024
Listing Price
$375,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
152 Prospect Street (MLS #5024158) is a multi-family listing located in Newport City, VT.
This multi-family listing is 2,586 sqft and on a lot of 8,276 sqft (or 0.19 acres) with 4 bedrooms, 4 baths and is 139 years old. This property was listed on 12/09/2024 and has been priced for sale at $375,000.
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
Listing information courtesy of: Century 21 Farm & Forest
Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers. personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/22/2024