155 N Main St
Property Description
Situated in the town of Newport, this multifamily property features 8 recently renovated units alongside substantial improvements to the building. Situated on a large lot with parking on-site, this 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 vehicles, ensuring convenient parking for tenants. It's deal commuting convenience, easy access to Newport, and residents enjoy easy access to local amenities, schools, and recreation. Great for a 1031 exchange.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $935,000 |
| No. of Units: | 8 |
| Average Occupancy: | 8.9 |
| Year Built: | 1900 |
| Lot Size: | 0.31 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $116,875 |
| Property Website | Click Here |
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