225 Granville Street

Description

A golden opportunity awaits! This solid investment property in the historic town of Bridgetown offers strong revenue potential and lasting appeal. The Capt. John Crosskill Estate Apartments proudly carry the name of Bridgetown’s original founder. In 1821, Capt. Crosskill envisioned and designed the town layout, officially establishing Bridgetown as a community. The property currently features a 9-unit apartment building, consisting of eight one-bedroom units and one smaller bachelor apartment. There is also potential for a 10th unit, with the option to explore development of the attic space for additional income. Most units are equipped with separate power meters. (Apartments 3 and 9 share an electrical panel, while Apartments 1 and 7 share another panel, which also services the exterior lighting and attic.) The front roof shingles were replaced in 2011, and the rear shingles were updated in 2023. A new water line was installed in 2021 and the older barn was demolished in 2025 making room for additional tenant parking space. Ideally located in the heart of Bridgetown, the property sits directly across from Jubilee Park, offering views of the Annapolis River and convenient walking access to local amenities. Sitting proudly on a spacious park like lot, this property also offers great outdoor space for tenants to enjoy. With municipal water and sewer, full occupancy, and future development potential, this property is an excellent investment opportunity.