5 Water Street Newport, ME 04953
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyPenobscot
- Taxes$2,345
- HOA/Condo/Coop Fees$0
- Days on Site57 Days
- MLS StatusActive
- MLS ID Number1582851
- Home Size Source N/A
- Year Built1900
- Lot Size0.12 Acres
- Full Baths2
- Partial Baths1
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General Features
- Style Multi- Level
- Construction Vinyl Siding
- Parking No DrivewayOther
- Sewer Public Sewer
- Electric Circuit Breakers
- Basement FullInterior Entry
- Acreage 0.12
- Water Public
- Foundation Concrete Perimeter
- Zoning Comm-Mixed
Interior Features
- Cooling None
- Heating Multi- Zones
- Flooring WoodLaminate
Exterior Features
- Roof Metal
- View Scenic
- Waterfront Property No
- Waterfront Features River
- Lot LevelOpen LotSidewalksInterior LotIntownNear Shopping