229 Spring Valley Lane , New Gloucester, ME 04260

$999,000
  • 229 Spring Valley Lane , New Gloucester, ME 04260 Main Photo
Active
BEDS0 BATHS2 full SQUARE FEET800 MLS#1674870
STATUSActive PROPERTY TYPEMulti Unit - Multiple

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. Broker is related to sellers.

229 Spring Valley Lane | MLS# 1674870

This multi-family 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: Multi Unit - Multiple
Basement: Not Applicable, None
Heating: Gas Bottled, Oil, Propane, Forced Air
Home Style: Ranch
Lot Size: 5.50 Acres
Roof Type: Metal, Shingle
Taxes: $3,344
Year Built: 1900

Feature Descriptions

Amenities: 1st Floor Bedroom, Bathtub, Main Level, Shower
Electric: Circuit Breakers, Underground
Exterior: Mobile, Wood Frame, Vinyl Siding
Flooring: Carpet, Laminate
Foundation: Slab
Lot: Mobile Home Park, Level, Open Lot, Wooded
Parking: Gravel, Paved,21+ Spaces, On Site, Other Parking
Road Surface: Paved
Sewer: Private Sewer
SQ FT Above Grade: 800
SQ FT Below Grade: 0
Water: Private, Well
Wooded: Yes

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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Estimated Payment

$ 2,793.38 per month $2,223.34 Principal & Interest $278.67 Property Tax $291.38 Homeowner's Insurance

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