Active under contract
16 Garrison Street
Brunswick ME, 04011
$425,000
Active under contract
2 Baths
1,794 sqft
Multi-family
Built in 1920
Courtesy of Gallant Real Estate
The 2-unit property at 16 Garrison Street is a great opportunity for either owner-occupants or investors. Here are some key highlights and potential benefits:
1. Location: The proximity to Bowdoin College and downtown Brunswick enhances its appeal for student or faculty housing, as well as for buyers who value a short commute to local amenities.
2. Separate Utilities: With each unit having its own heating, hot water, and electrical systems, the setup allows tenants or owners to be responsible for their own utility costs, reducing overhead for property owners.
3. Storage & Laundry: The basement storage space and two washer/dryer hookups make it appealing and convenient for tenants and adds value to the units.
4. Outdoor Space: Both units having back decks overlooking a fenced yard provides appealing outdoor space, a desirable feature for owners and/or tenants.
5. Parking: With off-street parking available as well as an additional garage bay, tenants have ample space for parking--an attractive feature in a location close to downtown.
6. Investment Potential: The option to increase rents to fair market value after cosmetic updates could improve cash flow. Month-to-month leases give flexibility for any renovations or new tenant arrangements.
Overall, the property could be an ideal choice for someone looking to invest in a college-town rental or secure affordable housing close to all that downtown Brunswick has to offer.
1608369
MLSⓇ ID
October 31, 2024
Listed
January 19, 2025
Updated
Map
16 Garrison Street
Brunswick ME, 04011
Interior Features
Total Bathrooms
2
Full Bathrooms
2
Interior Features
Bathtub, Shower, Storage
Laundry Description
Washer Hookup
Floor Description
Wood, Vinyl, Laminate
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Hot Water, Baseboard
Exterior/Building Features
Lot Size
0.21 Acres
Lot Features
Open Lot, Near Public Beach, Near Shopping, Near Town, Near Railroad
Architectual Style
Duplex, New Englander
Roof
Shingle
Sewer
Public Sewer
School Information
School District
Brunswick Public Schools
Other Property Details
Taxes
$3,622
Tax Frequency
Annually
Garage
Yes
Garage Spaces
1
Parking
1 - 4 Spaces, Paved, Common, Detached, Off Street
View
No
County
Cumberland
Water Source
Public
Pool
No
Zoning
GR5
Listing History
Date | Event | Price |
---|---|---|
1/17/2025 | Under contract | — |
Listing Contact: 207-841-7569
Courtesy of Gallant Real Estate
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2025 Maine Real Estate Information System, Inc. All Rights Reserved. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Emilie Cole shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 1:12 AM UTC, 1/19/2025