17 Federal Street, Brunswick, ME 04011

Downtown 10-Unit - Disclosed Reserve of $850,000

PROPERTY BEING OFFERED VIA AUCTION ON AUGUST 14, 2019. Price listed is reserve price. Final price will be determined on auction day. Auction subject to terms and conditions - full details available on our website. Downtown Brunswick 10-unit income property located right in the heart of the community on historic Federal Street. Many recent renovations, updates and improvements - ready for easy management. Eight 1 BR units, one 2 BR unit and one 3 BR unit. Very solid current income with possibility for increasing rental and ancillary revenue. Pre-Auction offers accepted. Located at the northern end of Cumberland County, Brunswick is the home to Bowdoin College, Brunswick Landing and is a regional shopping hub for surrounding communities. It's a community that has seen great growth and continued inflow of investment capital from throughout the country. This property will sell above disclosed reserve of only $850,000 (a 12% Cap on current income).