The Holmes Team - Lisa Murakami
Price Reduced 7.79%
Listing courtesy of Ryan Pronto, Jim Campbell Real Estate Phone: 802-334-3400
Price History
$975,000
4/5/2024
$949,000
5/23/2024
$899,000
6/4/2024
29 Campbell Road, Newport City, VT, 05855
22 rooms
8 beds
2002
Contemporary, Multi-Family, Tri-Level, Walkout Lower Level
8,500 sqft
Income producing and spacious 4-unit multi-family home with 6500+ sq.ft. of living space to include 3 fully furnished units (Suites A, B & C). This is a unique opportunity to own this amazing property with exceptional landscaping and beautiful views overlooking Lake Memphremagog. The main living quarters features nearly 3600sq.ft of finished living area 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 with 2 guest rooms and Suite C (above the garage) offers 1042sq.ft with 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 multigenerational household, in-law suites, home offices, B&B potential or to be utilized as-is with a single family home with approx. $58K in annual rental revenue from the 3 suites. Additional features include newer roof, radiant heated floors, mini-split AC units, whole house generator, secondary heat via a pellet boiler, storage sheds, pavilion, putting green and more.
Status:
Active
Type:
Multi-family
Units:
4
Zoning:
GR
Frontage:
220
Garage:
3-car Garage
Heating:
Alternative Heat Stove, Baseboard, Heat Pump, Radiant Floor
Cooling:
Mini Split
Basement:
Apartments, Concrete Floor, Finished, Walkout
Parking:
Auto Open, Driveway, Garage, Attached
Acreage:
1.05
Est. Taxes:
$12,348
Lot Description:
City Lot,Lake View,Landscaped,Mountain View,Water View
Elementary School:
Newport City Elementary
Middle School:
North Country Junior High
High School:
North Country Union High Sch
School District:
Orleans Essex North
MLS #:
4990359