91 Merrill Road

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91 Merrill Road

Gray, ME 04039
Asking Price
Contact for price
Asset Type
Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily asset available for purchase in Gray Maine
  • Located at 91 Merrill Road in Cumberland County
  • Suburban submarket serving the greater Portland region
  • Suitable investment for residential portfolio expansion
  • Strategically positioned for steady long-term rental demand

What's Special

This multifamily property at 91 Merrill Road in Gray, Maine, presents an acquisition opportunity for investors seeking to expand their residential portfolio. Situated in a suburban community within Cumberland County, the asset benefits from its location in a region that serves as a northern hub for the greater Portland metropolitan area. The area features a mix of residential expansion and convenient access to local infrastructure, making it a functional choice for tenants commuting to larger employment centers. Investors may consider this property for long-term hold strategies or repositioning efforts to stabilize rental income. Given the ongoing demand for rental housing across the state, this site is positioned to accommodate various operational models. Prospective buyers should conduct independent due diligence to assess the current unit configurations and market positioning within the specific submarket of Gray. This asset represents a practical addition for those focused on the regional multifamily sector.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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