Renovated Eight-Unit Multifamily Investment

155 N Main St Newport, NH 03773

155 N Main St, Newport, NH, 03773
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$935,000
Last Verified:
Jun 27, 2024

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Description

Situated in the town of Newton, this multifamily property features 8 recently renovated units alongside substantial property improvements. The property consists of 2 one-bedroom units, 4 two-bedroom units, and 2 three-bedroom units. Renovations include new flooring, cabinets, countertops, appliances, bathroom upgrades, fresh paint, plumbing fixtures, and electrical fixtures. In 2023, some units were converted from oil to gas, with propane tanks installed. Additional improvements include two new water boilers, new back decking, and enhanced safety egress. The property also offers ample onsite parking with more than 12 spaces, ensuring convenient parking for tenants. Situated close to downtown Newton, residents enjoy easy access to local amenities, schools, and recreational facilities.

Discover the charm of Newport, NH, an idyllic town rich in New England spirit and natural beauty. The area surrounding the property is dotted with historic architecture and provides a picturesque backdrop for residents. Embrace the community feel while being just minutes away from Newport Opera House, Sunapee Lake, and Newport Golf Club. Enjoy the tranquility of the Sugar River, ideal for outdoor activities and relaxation. Newport offers a welcoming environment for residents and investors alike, with its blend of small-town character and convenient amenities. The location presents a unique opportunity for Multifamily / Low-Rise/Garden investors seeking to be part of a thriving community with endless potential.


Year Built: 1900
Building Size: 6573sq ft
Lot Size: 0.31 acres


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Map of 155 N Main St, Newport, NH, 03773

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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