Bought with Signature Homes Real Estate Group, LLC
$1,425,000
$1,550,000
8.1%For more information regarding the value of a property, please contact us for a free consultation.
272 Portland RD Gray, ME 04039
20 Baths
7,415 SqFt
Key Details
Sold Price $1,425,000
Property Type Multi-Family
Listing Status Sold
Square Footage 7,415 sqft
MLS Listing ID 1488660
Sold Date 10/29/21
Style Cottage,Camp,Farmhouse,Other Style
Full Baths 19
Half Baths 1
HOA Y/N No
Abv Grd Liv Area 7,415
Year Built 1950
Annual Tax Amount $11,909
Tax Year 2020
Lot Size 7.500 Acres
Acres 7.5
Source Maine Listings
Land Area 7415
Property Description
Great cash flow at a 9 Cap with very low vacancy. Busy Bee Cabins in Gray consists of 11 Cabins, 2 single wide trailers, 1 triplex, and the Main house with owner or manager quarters and 2 additional apartments. Seller built a 2 story barn/garage which is 40x60 with 2400s/f on 1st floor and 1200s/f of storage space on 2nd floor which can be finished. The 1st floor ceiling is 15' with an 12x13.6 overhead door, radiant heat, epoxy floors, 3/4 bath. Current manager would stay on for new owners.
Location
State ME
County Cumberland
Zoning Commercial, Res, Ag
Rooms
Basement Exterior Entry, Bulkhead
Interior
Heating Direct Vent Heater, Baseboard
Cooling Other, A/C Units
Flooring Wood, Vinyl, Other, Laminate
Exterior
Parking Features 21+ Spaces, Gravel, Other, Reclaimed, Common, Detached, Heated Garage, Storage
Garage Spaces 4060.0
Utilities Available 1
View Y/N Yes
View Trees/Woods
Roof Type Other,Rolled/Hot Mop,Shingle
Street Surface Gravel
Road Frontage Private
Garage Yes
Building
Lot Description Level, Wooded, Near Turnpike/Interstate, Near Town
Foundation Concrete Perimeter, Slab
Sewer Private Sewer
Water Private
Architectural Style Cottage, Camp, Farmhouse, Other Style
Structure Type Other Exterior,Wood Frame
Others
Energy Description Propane, K-1Kerosene
Read Less
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