5 Water Street Newport, ME

$369,000
Square Footage 8,832
Acres 0.12
Photo of 5 Water Street Newport ME 04953




Description

This opportunity does not come often. Add this building to your portfolio or great for the beginning of an investment. This owner has put life back into this property and it has been reformed over the years and the character is endless. What a nice addition to the town of Newport. This building has 3 floors and filled with business and residential. In this 9000 sq foot building we have a Specialty store, a dance studio, 2 large residential apartments and several small professionals providing their own services. It also has a few areas that can become more rental opportunities. In 2009 a new metal roof was put on and in 2017 the second and third floors were provided with their own Rinnia heaters and bathrooms have been updated. All the tenants are requesting to stay so the income will keep coming and the potential for more is evident. Look to your backyard to sit by the Sebasticook River that runs by, Sitting in the heart of Newport the amenities are endless.


Listed by CENTURY 21 Queen City Real Estate, Karen Burns 207-942-4618

Details

MLS 1582854
Status Active
Price $369,000
DOM 291 days
Type Commercial
Square Feet 8,832 sqft
Lot Size 0.12 acres
Year Built 1900

Lot & Building Features

Cooling None

Room Details

Basement Description Full

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Financing

$
20%
1%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.


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