Multi-Family Space For Sale @ 5 S Newport Ave

Mixed Use Building for Sale. Commercial and Residential. One block to beach and boardwalk on a two way street (not a one way). Located in the business district. Close to the new beautification city project. Two story with a long time commercial tenant (cleaning business) on the first floor with a lease until 2022 and a residential tenant on the second floor lease is up in April may want to extend. Roof is less than two years old, Separate Gas and Electric Meters. Great location. Busy Street. Public permit parking possibly available through city. High and Dry no water during Sandy. Call for lease info and more details. 1st floor has a gas furnace 2nd floor has a boiler and radiator heat. Roof is less than 2 years old Current flood $1320 a yr Hazard $1255 a yr 1st floor pays $1050 a mo 2nd floor pays $1000 a mo.