$599,900

Historic Newcastle Opportunity with Income Potential! Built in the early 1900s and located in the heart of intown Newcastle, this spacious property is ready for its next chapter. Offset renovation costs with rental income. Offering 3 bedrooms plus a bonus room and 2 bathrooms in the main residence and a separately metered third-floor apartment with its own private entrance, this property presents a rare opportunity for homeowners, contractors, or anyone looking to build equity through renovation. Major improvements have already been completed, including a new roof, refinished wood floors, and all new replacement windows, allowing the next owner to focus on restoring and customizing the interior. The separate apartment provides an exceptional advantage--it can serve as temporary living quarters while renovating the main home or continue as an income-producing rental after the project is complete. Conveniently located a few blocks to downtown Newcastle and neighboring Damariscotta's restaurants, shops, library, waterfront, and local amenities, this property offers endless possibilities to create a beautiful in-town residence with supplemental income. The property is eligible for a variety of financing options, including FHA, Conventional, FHA 203(k) Rehabilitation Loans, Conventional Renovation/Rehab Loans, and Cash. Bring your vision and unlock the potential this classic Maine home has to offer.