Investment opportunity in rural Newport! Whether you're looking to offset your mortgage by living in one unit while renting the other or expand your investment portfolio, this well-maintained duplex is an excellent opportunity. This well-maintained duplex offers two spacious units, each featuring 2 bedrooms and 1 bathroom. Both units are currently rented, providing immediate income potential for investors or those looking to expand their portfolio. The current owner covers heat and internet; however, because each unit has its own separate heating system, heat could easily become a tenant-paid expense, improving your return on investment. Situated in a peaceful country setting, this property offers the perfect balance of privacy and convenience with easy access to the interstate for commuting and travel. The generous acreage and ample road frontage provide the potential for future development, including the possibility of adding another home (subject to local approval). Whether you're seeking a turnkey investment or a property with room for growth, this Newport duplex is worth a closer look. All appliances, including washer and dryers, are included!
Listed By
Agency Name: NextHome Experience
Agency Phone: 207-573-7400
Shown By
Agent Name: Kristen Tesseo
Agent Phone: (207) 446-0184
Agency Title: Sprague and Curtis Real Estate
Estimated Payment
$ 1,104.52 per month $723.09 Principal & Interest $286.67 Property Tax $94.76 Homeowner's Insurance
48 Palmer Road | MLS# 1667826
This multi-family property located at 48 Palmer Road, Newport, ME 04953 is currently listed for sale with an asking price of $324,900. Search Newport real estate on ktesseo.spragueandcurtis.com today.