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!
Newport City is located in Vermont. Newport City, Vermont has a population of 2,186.
The median household income in Newport City, Vermont is $38,576. The median household income for the surrounding county is $45,664 compared to the national median of $57,652. The median age of people living in Newport City is 39.5 years.
The average high temperature in July is 77.7 degrees, with an average low temperature in January of 3.3 degrees. The average rainfall is approximately 44.5 inches per year, with 96.4 inches of snow per year.
