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

Real Estate Auction in 17 Federal Street, Brunswick Maine, United States

14 Wednesday
August 14th, 2019 12:00 PM

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

Real Estate Auction in 17 Federal Street, Brunswick Maine, United States

Wednesday at - 14th August , 2019

Notes

Buyers premium: None.
Closing: 45-Day closing, sold in As-Is condition, no contingencies.
Deposit Amount: $50,000, in certified funds. Deposit to be increased to equal ten percent (10%) of purchase price within five (5) business days of auction.
Broker Coop: 2% of the high bid will be paid to a properly registered broker at settlement.

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Auction Items For Sale

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).

Michael B. Carey - ME AUC Lic. 1466 | Sophia P. Rosendo - ME RE Lic. BA918174