Description
4 Year Lease Extension. 100% leased income producing investment property in the heart of Brunswick. 215 W Potomac St is a 6,609 SF mixed use property featuring 1 ground floor retail space and 3 apartment units. The 1st Floor retail space (King's Pizza) is a built out restaurant that has been occupied by the King+GGs Pizza family since 1994. The 2nd Floor is an oversized 4 BR/ 1 BA apartment home (occupied by the same tenant since 2000), that was formerly the residence of the proprietors for the original restaurant space (Berlin Restaurant & Tavern). The 3rd Floor consists of two 3 BR/1 BA apartments (One of which has been occupied by the same tenant since 2009). Each apartment unit has washer & dryer hookups (tenants provide their own washer/dryer). The property enjoys off-street parking for both the retail space and the apartment units. Property is located adjacent to the very popular Smoketown Brewing Station in a major growth area of downtown Brunswick. Recent Capital Improvements Include: New roof (6 years ago), new siding & gutters (6 years ago), new windows (6 years ago), new hot water heater for #3B (1 year ago), new HVAC unit for #2 (1 year ago), 3rd floor porch wall and trim replacement (1 year ago) and exterior front brick scraped & sealed (2 years ago). Rare investment opportunity. Owner retiring and moving out of state.
Description
4 Year Lease Extension. 100% leased income producing investment property in the heart of Brunswick. 215 W Potomac St is a 6,609 SF mixed use property featuring 1 ground floor retail space and 3 apartment units. The 1st Floor retail space (King's Pizza) is a built out restaurant that has been occupied by the King+GGs Pizza family since 1994. The 2nd Floor is an oversized 4 BR/ 1 BA apartment home (occupied by the same tenant since 2000), that was formerly the residence of the proprietors for the original restaurant space (Berlin Restaurant & Tavern). The 3rd Floor consists of two 3 BR/1 BA apartments (One of which has been occupied by the same tenant since 2009). Each apartment unit has washer & dryer hookups (tenants provide their own washer/dryer). The property enjoys off-street parking for both the retail space and the apartment units. Property is located adjacent to the very popular Smoketown Brewing Station in a major growth area of downtown Brunswick. Recent Capital Improvements Include: New roof (6 years ago), new siding & gutters (6 years ago), new windows (6 years ago), new hot water heater for #3B (1 year ago), new HVAC unit for #2 (1 year ago), 3rd floor porch wall and trim replacement (1 year ago) and exterior front brick scraped & sealed (2 years ago). Rare investment opportunity. Owner retiring and moving out of state.
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