16 Garrison Street, Brunswick, ME, 04011 | $425,000

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.

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