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229 Spring Valley Lane , New Gloucester, ME 04260

$999,000
  • 229 Spring Valley Lane , New Gloucester, ME 04260 Main Photo

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Active
SQUARE FEET750 MLS#1670413
STATUSActive PROPERTY TYPECommercial - Business

Property Description

Don't miss this opportunity to acquire a well-maintained 11-site manufactured housing community situated on 5.5± scenic acres with strong in-place income and future upside. Surrounded by mature trees and offering a peaceful country setting, this established investment combines reliable cash flow with the potential for long-term appreciation.The community features 11 total sites, including 2 park-owned homes and 9 tenant-owned homes, creating an attractive ownership structure that minimizes maintenance responsibilities while providing consistent rental income. Current operations generate an impressive annual gross income of $86,700 and a net operating income of $74,223, making this an ideal addition to an investment portfolio.The property has been thoughtfully maintained with infrastructure improvements that include a pump house equipped with updated electrical, two new expansion tanks, sand/salt storage, utility storage, and additional overhead storage above. The park is serviced by two septic systems with leach fields, and all homes are connected to underground electrical service with individual meters, providing efficient utility management.With 5.5 acres, the property may offer future expansion potential, subject to buyer verification with the local municipality, creating an exciting opportunity to increase value over time.Whether you're looking to expand your manufactured housing portfolio or invest in one of the real estate market's most resilient asset classes, this turnkey community offers the perfect blend of stable income, low operating expenses, and room for future growth.Strong cash flow. Low-maintenance ownership. Future growth potential. Opportunities like this are increasingly difficult to find.

229 Spring Valley Lane | MLS# 1670413

This commercial property located at 229 Spring Valley Lane , New Gloucester, ME 04260 is currently listed for sale with an asking price of $999,000. Search New Gloucester real estate on www.spragueandcurtis.com today.

Property Features

Property Type: Commercial - Business
Basement: None
Lot Size: 5.50 Acres
Roof Type: Metal, Shingle
Taxes: $3,344

Feature Descriptions

Electric: Circuit Breakers, Underground
Exterior: Mobile, Wood Frame, Vinyl Siding
Foundation: Poured Concrete
Lot: Mobile Home Park
Parking: 21+ Spaces, On Site, Other Parking, Paved
Sewer: Private Sewer
Water: Private, Well

Listed By / Shown By

Listed By

Agency Name: Five Star Realty
Agency Phone: 207-939-6971

Shown By

Agency Title: Sprague and Curtis Real Estate
Agency Phone: 207-623-1123

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