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161 Main Street

Newport

$2,200,000

beds   ·   baths   ·   10,500 sqft   ·   0.53 acres   ·   taxes: $6,356   ·   MLS#: 1640973

Unlock the potential of this Commercial property Renovations have started but aren't completed on this 11-unit apartment building property in the heart of Newport. Perfect for investors looking for an opportunity with much of the major work already done. Key Features & Improvements: New roof, windows, and electrical entrances. Upgraded electrical systems. New boiler and substantial plumbing work completed. Sprinkler system already installed. Generous off-street parking. With most of the major infrastructure already in place, this property is primed for the finishing touches. The first floor could be completed and could be rented out quickly to begin generating income while finishing the remaining units. Endless Potential: Five units with 1- bed/1 bath, 5- 2 bed/ 1 bath and 1 -3 bed/ 2 bath. Don't miss this chance to capitalize on a project with strong bones and serious potential.

MORE DETAILS

Structure

  • Electric : Circuit Breakers
  • Year Built : 1900
  • Roof : Membrane
  • Basement : Full, Unfinished
  • Heating : Hot Water, Heat Pump, Baseboard
  • Cooling : Heat Pump

Site

  • Water Source : Public
  • Sewer : Public Sewer
  • Zoning : Village commercial
Listing provided by Better Homes & Gardens Real Estate/The Masiello Group
contact melissabartlett@masiello.com

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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Camden Real Estate participates in MREIS' Maine Internet Data Exchange (Maine IDX) program, allowing us to display other Maine IDX Participant's Listings. We have chosen, however, to limit the Listings shown on this page to only those Listings meeting the following criteria: listings in Maine only.


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© Camden Real Estate Company
43 Elm Street
Camden, Maine 04843
207.236.6171
info@camdenre.com
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43 Elm Street Camden, Maine 04843
207.236.6171     info@camdenre.com
   
© Camden Real Estate Company
privacy policy