526 N Main St

Description

Great opportunity for income producing property in downtown Newton. 6500 sq. ft. of retail space and an additional 5400 sq. ft. of residential space all at 100% capacity. Retail space includes 2 store fronts on Main Street and and additional 4 on 6th Street. Residential apartments are located on the upper level consisting of 6 - 1 bed/1 bath, 2 - studio/1 bath and 1 - 2 bed/1 bath. There is an entrance to the apartments on Main Street and another Entrance on E. 6th. Apt. 2 is 936 sq. ft. with 1 bedroom, Apt. 4 is a studio with425 sq. ft., Apt. 6 is 532 sq. ft. with 1 bedroom, Apt. 8 is a 1 bedroom and 576 sq. ft., Apt. 10 is a studio with 400 sq. ft., Apt. 11 is 1 bedroom with 532 sq. ft., Apt. 12 is 598 sq. ft. with 1 bedroom, Apt. 14 is 500 sq. ft. with 1 bedroom and Apt. 16 is 850 sq. ft. with 2 bedrooms. All apartments have window air conditioners except #16 which uses a mini-split. Retail spaces which consist of 524 Main with approx. 1600 sq. ft., 526 Main has approx. 1600 sq. ft., 105 E. 6th has 750 sq. ft., 107 & 109 E. 6th each have approx. 850 sq. ft. and 111 E. 6th has approx. 866 sq. ft. Boiler, work shop and electrical panels are located in the basement.