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Courtesy of Ryan Pronto of Jim Campbell Real Estate: .

29 Campbell Road

Newport City, VT 05855
  • $699,000
  • STATUS: Active Under Contract
  • ON SITE: 180 Days
  • MLS #: 4990359
Under Contract
UPDATED: 188 min ago
$699,000
  • 8
    BEDS
  • 1.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,500
    SQFT
  • $82
    $/SQFT
Type:
Multi-Family
Built:
2002
County:
Area:

School Information

Elementary School:
Middle School:
School District:

Description

4-unit multi-family home with a spacious 6500+ sq.ft to include the main home and 3 fully furnished income producing suites. Currently utilized as a single family home with approx. $58K annual rental revenue from the 3 suites and potential for much higher revenue by leasing out the main home. The main living quarters feature nearly 3600sq.ft with 3 bedrooms, 3.5 baths (each bedroom has its own bath), cathedral ceilings, 1st & 2nd floor primary bedroom suites, entry from the 3-car heated garage and access to the deck & gazebo area. Suite A is a studio with approx. 950sq.ft., Suite B offers approx. 1000sq.ft w/ 2 guest rooms, and Suite C (above garage) offers 1042sq.ft w/ 2 guest rooms, vaulted ceilings and a private balcony. All three suites have a great rental history (financials on file) with longer term tenants in Suites A&B and profitable short term rental history for Suite C. Each suite has its own washer/dryer and secured private living quarters that can also be unlocked for access between each unit for larger living areas if desired. This would be ideal for a large multi-generational household, in-law suites, home offices and/or B&B potential. Newer roof, radiant heated floors, mini-split AC units, whole house generator, secondary heat via a pellet boiler, storage sheds, pavilion, putting green & more. Unique opportunity to own this amazing property with exceptional landscaping and beautiful views overlooking Lake Memphremagog. Great deal to offer for the price!

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© Copyright 2024 PrimeMLS. All rights reserved. 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 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 2024-10-16T00:05:32.673.
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29 Campbell Road Newport City, VT 05855

  • Price: $699,000
  • Status: Active Under Contract
  • On Site: 180 Days
  • Updated: 188 min ago
  • MLS #: 4990359
8
Beds
0
Baths
0
½ Baths
1.05
Acres
8,500
SQFT
$82
$/SQFT
2002
Built
County:
Orleans
Area:
Newport City
Elementary School:
Newport City Elementary
Middle School:
North Country Junior High
High School:
North Country Union High Sch
School District:
Orleans Essex North
Property Description
4-unit multi-family home with a spacious 6500+ sq.ft to include the main home and 3 fully furnished income producing suites. Currently utilized as a single family home with approx. $58K annual rental revenue from the 3 suites and potential for much higher revenue by leasing out the main home. The main living quarters feature nearly 3600sq.ft with 3 bedrooms, 3.5 baths (each bedroom has its own bath), cathedral ceilings, 1st & 2nd floor primary bedroom suites, entry from the 3-car heated garage and access to the deck & gazebo area. Suite A is a studio with approx. 950sq.ft., Suite B offers approx. 1000sq.ft w/ 2 guest rooms, and Suite C (above garage) offers 1042sq.ft w/ 2 guest rooms, vaulted ceilings and a private balcony. All three suites have a great rental history (financials on file) with longer term tenants in Suites A&B and profitable short term rental history for Suite C. Each suite has its own washer/dryer and secured private living quarters that can also be unlocked for access between each unit for larger living areas if desired. This would be ideal for a large multi-generational household, in-law suites, home offices and/or B&B potential. Newer roof, radiant heated floors, mini-split AC units, whole house generator, secondary heat via a pellet boiler, storage sheds, pavilion, putting green & more. Unique opportunity to own this amazing property with exceptional landscaping and beautiful views overlooking Lake Memphremagog. Great deal to offer for the price!
Exterior Features

Architectural Style ContemporaryMulti-FamilyTri-LevelWalkout Lower Level Area Description In TownNear Golf CourseNear PathsNear SkiingNear Snowmobile TrailsNeighborhoodOtherNear Hospital Color Tan Construction Materials Wood FrameVinyl Siding Driveway Paved Exterior Features BalconyDeckGarden SpaceGazeboNatural ShadeOtherOutbuildingPatioPorch - CoveredShedStorageWindows - Double Pane Has Garage Yes Lot Features City LotLake ViewLandscapedMountain ViewWater View Parking Auto OpenDrivewayGarageAttached Road Frontage Yes Road Frontage Length 220 Roads PavedPublic Roof Shingle - Architectural Water Body Access YN No Water Body Type Lake Water View YN Yes Waterfront Property No

Interior Features

Basement Access Type Interior Basement Description ApartmentsConcrete FloorFinishedWalkout Cooling Mini Split Flooring HardwoodLaminateTileVinyl Foundation Concrete Has Basement Yes Heating Alternative Heat StoveBaseboardHeat PumpRadiant Floor Total Heated Units 2 Total Ranges 4 Total Refrigerators 4 Total Water Heaters 2 Unit1 Approx Sq Ft 950 Unit1 Baths 1 Unit2 Approx Sq Ft 1000 Unit2 Baths 1 Unit3 Approx Sq Ft 1042 Unit3 Baths 1 Unit4 Approx Sq Ft 3600 Unit4 Baths 4

Property Features

Construction Status Existing Electric 200 AmpCircuit Breaker(s)Generator Electric Company VT Electric Co-Op Flood Zone No Foreclosed / Bank Owned / REO No Fuel Company Oil Supply Gross Income 57895 Heat Fuel OilPellet Possession At Closing Pre Construction No Seasonal No Separate Utilities No Sewer MeteredPublic Tax Gross Amount 12347.52 Tax Year 2024 Taxes Tbd No Total Electric Meters 1 Total Leases 2 Total1 Bed Units 1 Total2 Bed Units 2 Total3 Plus Bed Units 1 Unit1 Info DishwasherDryerHeat IncludedRange - ElectricRefrigeratorWasher Unit1 Rental Amount 1300 Unit2 Info DryerHeat IncludedRange - ElectricRefrigeratorWasher Unit2 Rental Amount 1495 Unit3 Info DishwasherDryerHeat IncludedRange - ElectricRefrigeratorWasher Unit4 Info Ceiling FanDeckDishwasherDryerHeat IncludedKitchen IslandPrimary BR w/ BAMicrowaveOven - WallPorchRefrigeratorWasherWater Heater Utilities Cable - At SiteGas - LP/BottleTelephone At Site Water Source Public Zoning GR

Courtesy of Ryan Pronto of Jim Campbell Real Estate: .


© Copyright 2024 PrimeMLS. All rights reserved. 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 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 2024-10-16T00:05:32.673.
 
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