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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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524 Sunapee St , Newport, NH 03773
$1,675,000
Est. Payment: $3,722.22/mo
0 Bed
0 Bath
8424 Sqft
Status: Active | Days on site: 39
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6160 - 614145
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House Description

Introducing Newport Heights; a 12-unit multifamily investment property located near the border of Newport and Sunapee. Offered individually for sale at $1,675,000, this well-maintained apartment building features a diversified unit mix of one-bedroom, oversized one-bedroom, and two-bedroom apartments, providing broad tenant appeal and stable occupancy potential within the greater Newport market. The building has undergone significant capital improvements, including renovations of all residential units and common areas, a roof replacement, electrical service and panel upgrades, plumbing improvements, and the installation of electronic locks on unit doors. Minimal near-term capital expenditure remain for future ownership allowing for a turnkey, multifamily investment. The heating system consists of an efficient, Buderus-brand oil-fueled forced hot water boiler providing individually zoned baseboard heat throughout the building. Newport Heights benefits from functional on-site amenities, including one off-street parking space per unit and a coin-operated laundry facility that provides supplemental income. The basement also contains additional space that could be converted into tenant storage lockers, creating an opportunity for future ancillary revenue. With its recent renovations, efficient unit mix, and potential for additional income streams, Newport Heights represents a stabilized multifamily investment opportunity with operational upside in a growing Sullivan County market. Broker Interest. Financials available upon execution of NDA.

Highlights

Listed by Matthew Lefebvre , 603-554-2309 Downtown Realty , 603-554-2309.

Property Type

Multi-Family

Lot/Acreage
0.31

Year Built

1920

County

Sullivan

Listing ID

5102862

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Above Ground Sq Ft:8424
Basement:Yes,Concrete Floor,Full,Partially Finished

Exterior Features

Lot:Existing
Zoning:Light Commercial
Roof:Membrane
Sewer:Public
Parking Features:Parking Spaces 11 - 20,Paved
Principal Interest
$3,722
Taxes
$1,353

Home Price

$1,675,000

Loan Details

30 yrs
%

Down Payment

20%
$335,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,722.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,722.22 $1,353.42 $0.00 $5,075.64
Yearly $44,666.67 $16,241.00 $0.00 $60,907.67
Total $1,340,000.00 $487,230.00 $0.00 $1,827,230.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Newport, NH).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.