62 Sunapee St, Newport, NH 03773

Description

Just listed, a turnkey income property in the heart of Newport, NH! This fully rented c.1900 four-unit and oversized barn sits on a corner lot an easy walk from downtown Newport, and multifamily this clean doesn’t come along often. The mix is two 3-bedrooms, one 2-bedroom and one 1-bedroom, each with its own full bath. Utilities are fully separated, with 4 electric meters, 4 gas meters, 4 heating systems and 4 water heaters, so tenants pay their own. Leases run six months, which means you can collect rent now or move in yourself. Investors and owner-occupants alike should move quickly on this one.

Recent work includes a new roof, replaced windows and doors, refinished hardwood floors, updated baths, trim and paint repairs, new recessed lighting and dimmers in Unit 2, refreshed decks, a new crushed-stone driveway and interconnected smoke detectors. Both basements and the barn have been fully cleaned out.

The barn is where the upside is. The property carries a town approval for up to 20 dry-storage units. Sample units are on site so buyers can see the finished product. The barn’s ground level has its own entrance and offers additional income potential. Off-street parking for up to 10 vehicles.