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152 Prospect Street, Newport City, VT, 05855 | $375,000
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.
Features
- Rooms: 12
- Bedrooms: 4
- Baths: 4 full
- Units: 4
- Style: Victorian
- Year Built: 1885
- Garage: 2-car Garage
- Heating: Baseboard,Hot Water,Multi Zone
- Cooling: Individual
- Basement: Daylight,Full,Storage Space,Unfinished
- Approx Sq. Feet: 2,586
- Acreage: 0.19
- Est. Taxes: $4,746
- Lot Desc: City Lot,Sidewalks,Street Lights,In Town,Near Shopping,Near Hospital,Near School(s)
- Elem. School: Newport City Elementary
- Middle School: North Country Junior High
- High School: North Country Union High Sch
- MLS#: 5024158
- Website: https://www.raveis.com
/prop/5024158/152prospectstreet_newportcity_vt?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. 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 12/11/2024Listing courtesy of Century 21 Farm & Forest Phone: 802-334-1200
Listing Agent: Constance Isabelle
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Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 793093
203.415.2989
Brian.Skelly@raveis.com
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
152 Prospect Street, Newport City, VT, 05855
$375,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Brian Skelly
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $300,000 | $300,000 | $300,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.300% | 6.778% | 6.034% |
| Monthly Tax Payment | $396 | $396 | $396 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,946 | $1,921 | $2,491 |
| Total Monthly Payment | $2,417 | $2,392 | $2,962 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484