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

 

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