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About This Home
This 0-bedroom, 0-bathroom commercial at 161 Main Street in Newport, ME is listed for $2,200,000 ($210 per sqft). Built in 1900, the home offers 10,500 sqft of living space on a 0.53 acres lot.
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 elect
rical 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 r
emaining 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.
Key Features
- Built in 1900
- 0.53 acre lot
Property Details
Monthly Cost Estimate
$11,766/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
161 Main Street
Newport, ME 04953
Property Details
Flooring
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 161 Main Street is listed at $2,200,000 ($210/sqft). The estimated monthly payment is $9,533 based on 20% down at 6.5% interest.
Key features include: Built in 1900, 0.53 acre lot.
This property is listed by Melissa Bartlett and can be reached at 2079426711 or melissabartlett@masiello.com.