$385,000 Price Analysis 5 Water StNewport, ME 04953 Unknown bed 3 bath 8,832 SqFt ($43/SqFt) 5,227SqFt lot. Built 1900 Listed 2024-02-24 | ✓ USDA Eligible near Newport, ME Restrictions may apply due to home size |
Add this building to your portfolio or tremendous 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 hs 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 apar tments 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.
Presented by Karen Burns at
CENTURY 21 Queen City Real Estate.
Property MLS #1582851 from MaineListings
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.