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Property Overview

Price/Rent PSF $ 950,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 13,226
Date Available 02/21/2020
Additional URL Link
Floors 3
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Description

Location
Take 471 to 1892 towards Newport. Turn right onto Monmouth Street. This property is several blocks ahead on the left.

Sale
KW Commercial is proud to present this dual usage property. This building in in the heart of Newport in the midst of the heavy retail corridor. The building has been recently updated with a full facia upgrade. The building has been well maintained. The property is 100% Occupied. Property has three (3) retail spaces on the ground floor accessing the heavy Newport walk traffic. The second floor contains 6 multifamily residential spaces. all units are in great condition and rent extremely fast. The units are larger in size compared to the typical rental space in the area. We feel there is a value add to a buyer as the residential rental units are underpriced. The top floor is open penthouse space that can be used for many different opportunities. We feel that additional multi family or professional office space will be the best fit yet your new concept may be just the ticket that draws the Newport crowds.

Location

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