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

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

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

Contract Information

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

Property Information

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

Status Change Info

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

Water Info

Water Frontage: No Water View: No

Units

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

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

Unit 3

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 Water: Yes

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

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

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

Utilities

Utilities On: Yes

Sold Info

Appraiser Email Address: dpierce3@maine.rr.com

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

Last Updated: January - 07 - 2025

272 Portland Road, Gray, ME 04039- MLS# 1488660

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.

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