272 Portland Road, Gray, ME 04039 ⋆

272 Portland Road, Gray, ME 04039

$1,425,000

Property Type: Multi-Family Baths: 20 Square Footage: 7,415 Lot Size (sq. ft.): 326,700 Status: Closed

Current Price: $1,425,000 List Date: 5/18/2021 Last Modified: 1/07/2025

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.

Supplements: ********

More Information MLS# 1488660

Location Information

Book: 26466 Leased Land: No Page: 78 Map: 069 Block: 041 Lot: 001 Zoning Overlay: Unknown Association: No Street #: 272 Street Name: Portland Street Type: Road County: Cumberland Town: Gray State/Province: ME Zip Code: 04039 Zip +4: 8904 Zoning: Commercial, Res, Ag Full Tax Amount $: 11909 Tax Year: 2020 Geo Lat: 43.844548 Geo Lon: -70.322711

Property Information

Surveyed: Yes Seasonal: No Owner Occupied: Yes Number of Units: 19 Deed/Conveyance Type Offered: Warranty Lot Size Acres +/-: 7.5 Total Baths: 20 Total Half Baths: 1 SqFt Finished Above Grade: 7415 SqFt Finished Below Grade: 0 SqFt Source: Public Records Garage: Yes Garage Spaces: 4060 Total Full Baths: 19 Year Built: 1950 SqFt Finished Total: 7415 Source of Acreage: Survey

Site

Level: 1 Wooded: 1

Location

Near Town: 1 Near Turnpike/Interstate: 1

Roads

Dirt: 1 Gravel: 1 Private Road: 1

Water Info

Water Frontage: No Water View: No

Style

Camp: 1 Cottage: 1 Farmhouse: 1 Other: 1

Construction

Wood Frame: 1

Basement

Slab: 1

View

Trees/Woods: 1

Foundation Materials

Poured Concrete: 1 Slab: 1

Exterior

Other Exterior: 1

Roof

Other: 1 Rolled/Hot Mop: 1 Shingle: 1

Heat System

Baseboard: 1 Direct Vent Heater: 1

Heat Fuel

K-1/Kerosene: 1 Propane: 1

Income & Expenses

Gross Income: 225923 Operating Expenses: 79522

Cooling

Other: 1 Wall/Window Unit(s): 1

Floors

Laminate: 1 Other: 1 Vinyl: 1 Wood: 1

Units

# of 1 BD Units: 18 # of 2 BD Units: 1

Parking

21+ Spaces: 1

Unit 1

Lease: No Level: First Security Deposit: No Monthly Rent: 880 # Full Baths: 1 # of Rooms: 2 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: No Refrigerator: Yes Sewer: Yes Water: Yes

Electric

Circuit Breakers: 1

Unit 2

Lease: No Level: First Security Deposit: No Monthly Rent: 1200 # Full Baths: 1 # of Rooms: 2 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: Yes Heat: Yes Range: No Refrigerator: Yes Sewer: Yes Water: Yes

Utilities

Utilities On: Yes

Unit 3

Gas

Bottled: 1

Unit 4

Lease: No Level: First Security Deposit: No Monthly Rent: 880 # Full Baths: 1 # of Rooms: 2 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: Yes Heat: Yes Range: No Refrigerator: Yes Sewer: Yes Water: Yes

Sewer

Private Sewer: 1

Unit 5

Lease: No Level: First Security Deposit: No Monthly Rent: 880 # Full Baths: 1 # of Rooms: 2 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: Yes Heat: Yes Range: No Refrigerator: Yes Sewer: Yes Water: Yes

Water

Private: 1

Unit 6

Lease: No Level: First Security Deposit: No Monthly Rent: 880 # Full Baths: 1 # of Rooms: 2 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: Yes Heat: Yes Range: No Refrigerator: Yes Sewer: Yes Water: Yes

Unit 7

Lease: No Level: First Security Deposit: No Monthly Rent: 1126 # Full Baths: 1 # of Rooms: 2 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 8

Lease: No Level: First Security Deposit: No Monthly Rent: 880 # Full Baths: 1 # of Rooms: 2 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 9

Lease: No Level: First Security Deposit: No Monthly Rent: 880 # Full Baths: 1 # of Rooms: 2 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: Yes Heat: Yes Range: No Refrigerator: Yes Sewer: Yes Water: Yes

Unit 10

Lease: No Level: First Security Deposit: No Monthly Rent: 880 # Full Baths: 1 # of Rooms: 2 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 11

Lease: No Level: First Security Deposit: No Monthly Rent: 880 # Full Baths: 1 # of Rooms: 2 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 12

Lease: No Level: First Security Deposit: No Monthly Rent: 1083 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 13

Lease: No Level: First Security Deposit: No Monthly Rent: 1200 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 14

Lease: No Level: Second Security Deposit: No Monthly Rent: 1040 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: Yes Heat: Yes Range: No Refrigerator: Yes Sewer: Yes Water: Yes

Unit 15

Lease: No Level: Second Security Deposit: No Monthly Rent: 880 # Full Baths: 1 # of Rooms: 2 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: Yes Heat: Yes Range: No Refrigerator: Yes Sewer: Yes Water: Yes

Unit 16

Lease: No Level: First Security Deposit: No Monthly Rent: 1516 # Full Baths: 1 # Half Baths: 1 # of Rooms: 5 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: Yes Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 17

Lease: No Level: First Security Deposit: No Monthly Rent: 880 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 18

Driveway

Common: 1 Gravel: 1 Other: 1 Reclaimed: 1

Unit 19

Lease: No Level: First Security Deposit: No Monthly Rent: 1126 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Sold Info

Appraiser Email Address: dpierce3@maine.rr.com

Restrictions

No Cats Allowed: 1 No Dogs Allowed: 1

Basement Entry

Bulkhead: 1

Water Heater

Electric: 1 Off Heating System: 1

Vehicle Storage

Detached: 1 Heated: 1 Storage Above: 1

Contract Information

Status: Closed Original List Price: 1550000 Sold Price: $1,425,000 Current Price: $1,425,000

Status Change Info

Pending Date: 2021-06-24 Closed Date: 2021-10-29 Closed Price: 1425000

Property Features

Site: Level; Wooded Location: Near Town; Near Turnpike/Interstate Roads: Dirt; Gravel; Private Road View: Trees/Woods Style: Camp; Cottage; Farmhouse; Other Construction: Wood Frame Basement: Slab Basement Entry: Bulkhead Foundation Materials: Poured Concrete; Slab Exterior: Other Exterior Roof: Other; Rolled/Hot Mop; Shingle Heat System: Baseboard; Direct Vent Heater Heat Fuel: K-1/Kerosene; Propane Water Heater: Electric; Off Heating System Cooling: Other; Wall/Window Unit(s) Floors: Laminate; Other; Vinyl; Wood Driveway: Common; Gravel; Other; Reclaimed Parking: 21+ Spaces Vehicle Storage: Detached; Heated; Storage Above Restrictions: No Cats Allowed; No Dogs Allowed Electric: Circuit Breakers Gas: Bottled Sewer: Private Sewer Water: Private

Documents

Property Disclosure Public Access ›

Lead Paint Addendum Public Access ›

Listing Office: Bean Group

IDX

Last Updated: January - 07 - 2025

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272 Portland Road, Gray, ME 04039 (MLS# 1488660)