19 Mason ST new Save Request In-Person Tour Request Virtual Tour
Brunswick,ME 04011
Key Details
Property Type Multi-Family
Listing Status Active
Square Footage 4,900 sqft
Price per Sqft $203
MLS Listing ID 1625919
Style Federal
Full Baths 2
Year Built 1900
Annual Tax Amount $6,673
Tax Year 2024
Lot Size 8,276 Sqft
Property Description
This is a rare opportunity to invest in a prime mixed-use building in the heart of downtown Brunswick. Located in the highly sought-after GM6 District, this expansive property offers nearly 5,000 square feet of space and excellent visibility in a high-traffic area—ideal for residential, commercial, or combined use. Currently configured as four units, the building generates a projected gross annual rent of $90,000, resulting in a solid 7.5% CAP rate. Over the past four years, the property has undergone extensive renovations, including the installation of three new heating systems, the addition and renovation of multiple bathrooms, a full remodel of a two-bedroom, two-bath residential unit, and the installation of new windows. Additional upgrades include construction of a two-story staircase to provide a second egress, exterior painting, foundation repairs, and a storefront conversion. Two long-term tenants are currently in place, with leases secured through April 2027, offering immediate and stable rental income. This well-maintained and versatile building is a standout investment opportunity in a growing and vibrant downtown district. Cross Reference Commercial Listing : MLS 1562920
Location
State ME
County Cumberland
Zoning GM6
Interior
Heating Zoned,Hot Water,Heat Pump,Forced Air
Cooling Heat Pump
Flooring Wood,Tile
Laundry Laundry - 1st Floor,Main Level
Exterior
Parking Features 1 - 4 Spaces,Gravel,Off Site,On Site
Utilities Available 1
View Y/N No
Roof Type Membrane,Metal,Other
Building
Lot Description Sidewalks,Intown,Near Golf Course,Near Shopping,Near Railroad
Foundation Stone,Granite,Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Wood Siding,Wood Frame
Others
Virtual Tour https://www.harbor-photo.com/19masonst