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229 Spring Valley Lane , New Gloucester, ME 04260 Photo
229 Spring Valley Lane , New Gloucester, ME 04260 Photo
  • Listing Provided by:
    Five Star Realty
    Phone: 207-939-6971 IDX logo

  • 2
    Baths
  • 800
    Square Feet
  • 1674870
    MLS#
$999,000
Status: Active
229 Spring Valley Lane New Gloucester, ME 04260

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.

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Property Features

MLS Number: 1674870
Subdivision:
County: Cumberland
Bedrooms: 0
Total Square Feet: 800
Style: Ranch
New Constuction: No
Construction: Mobile,Wood Frame,Vinyl Siding
Waterfront: No
Property Type: Multi Unit - Multiple
Basement: Not Applicable, None
Heating: Gas Bottled, Oil, Propane, Forced Air
Lot Size: 5.50 Acres
Road Surface: Paved
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
Home Style: Ranch
Lot: Mobile Home Park, Level, Open Lot, Wooded
Parking: Gravel, Paved,21+ Spaces, On Site, Other Parking
Sewer: Private Sewer
SQ FT Above Grade: 800
SQ FT Below Grade: 0
Water: Private, Well
Wooded: Yes

Location

Listed By / Shown By

Listed By

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

Shown By

Broker Title: Badger Peabody & Smith Realty
Broker Phone:

IDX logo

Estimate Your Payment

Estimated Payment

$ 5,464.89 per month $4,894.85 Principal & Interest $278.67 Property Tax $291.38 Homeowner's Insurance

Source: Delta Media Group, Inc.

Change Payment Information

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(Payments are an estimate and may vary by lender)

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