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Multi-FamilyMEGorham04038771 Gray Road, Gorham, ME, 04038

771 Gray Road, Gorham, ME, 04038

771 Gray Road, Gorham, ME, 04038
7 baths
$800,000
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Basics

  • Date added: Added 2 months ago
  • Category:
  • Status:
  • Bathrooms: 7
  • Lot size: 0.59 sq ft
  • Year built: 1900
  • Bathrooms Full: 5
  • Lot Size Acres: 0.59 acres
  • Zoning: UR
  • County: Cumberland
  • MLS ID: 1647309

Description

  • Description:

    Investors and owner-occupants take notice! This 4-unit multi-family property offers an excellent opportunity in a growing Gorham location with strong income and long-term potential. Featuring a versatile unit mix, including three 2-bedroom apartments and one spacious 4-bedroom unit, this property provides options for both rental investment and the possibility of owner occupancy.

    Ideally situated near the new elementary school, Red City Tavern, and just minutes from Windham, the location continues to see increasing demand. With ample off-street parking and classic brick construction, this is a solid asset ready for a new owner's vision.

    The property would benefit from cosmetic updates, making it a great value-add opportunity to build equity and maximize future returns.

    SHOWINGS WILL HAPPEN IN TIME BLOCKS

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Location

Building Details

  • Building Area Total: 4673 sq ft
  • Number Of Units Total: 4
  • Construction Materials: Brick, Masonry
  • Architectural Style: Federal
  • Sewer: Public Sewer
  • Heating: Zoned, Hot Water, Baseboard
  • Stories: 3
  • Roof: Pitched, Shingle
  • Foundation Details: Granite, Brick/Mortar
  • Levels: Multi-Level
  • Basement: , , , ,

Amenities & Features

  • Electric: Circuit Breakers
  • Flooring: Vinyl, Tile
  • Parking Features: 11 - 20 Spaces, Gravel, Off Street
  • Garage Spaces: 0
  • WaterSource: Public
  • Interior Features: 1st Floor Bedroom, Bathtub
  • Lot Features: Open, Level, Sidewalks, Intown
  • Patio And Porch Features: Porch
  • Fireplaces Total: 4
  • Cooling: None

Fees & Taxes

  • Gross Income: $133,200

Miscellaneous

  • Road Surface Type: Paved
  • Pets Allowed: No Cats Allowed, No Dogs Allowed

Courtesy of

  • List Office Name: The Maine Real Estate Group

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