1107 Coast Hwy Sw, Newport, OR 97365

Property Description

THE GATEWAY TO NEWPORT - Fully renovated mix/use commercial building with (3) residential apartments upstairs and (2) commercial spaces downstairs. Ocean View from all apartments and bridge views. Building was completely re-wired and plumbed to the street in 2017 & 2018. New heating systems in all units with A/C. Natural Gas with all tankless hot water on demand hot water systems. Fiber optic internet & phones. New hardy plank siding, vinyl windows and roof in 2017. Interior has had extensive modern remodel with new floors, walls, sheetrock, kitchen, offices and bathrooms. Building pencils very well for an investor at 7% cap rate. Seller is a licensed Real Estate Broker in the State of Oregon.