229 Spring Valley Lane,New Gloucester, ME 04260
New Gloucester, ME 04260
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.
Details
| MLS # | 1674870 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 81 |
| Listing Provided By | Five Star Realty | Rebecca Marcinuk |
Features
| Bath(s) | 2 Total |
|---|---|
| SQ Feet | 800 |
| Story(s) | 1 |
| Units | 2 |
| Zoning | RB-2 |
| Acreage | 5.50 |
Interior
| Interior Features | 1st Floor Bedroom, Bathtub, Shower |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Cooling | None |
| Laundry Features | Main Level |
| Amenities Co Amenities | 1st Floor Bedroom, Bathtub, Main Level, Shower |
Exterior
| Roof | Metal, Shingle |
|---|---|
| Foundation Details | Slab |
| Lot Features | Mobile Home Park, Level, Open Lot, Wooded |
| Construction Materials | Mobile, Wood Frame, Vinyl Siding |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | Gravel, Paved, 21+ Spaces, On Site, Other Parking |
Utilities
| Sewer | Private Sewer |
|---|---|
| Electric | Circuit Breakers, Underground |
Taxes
| Tax Annual Amount | 3344 |
|---|---|
| Tax Book Number | 37137 |
| Tax Year | 2025 |
| Tax Lot | 14 |
| Tax Map Number | 9 |
Area Information
| State | ME |
|---|---|
| County | Cumberland |
| City | New Gloucester |
| Zip Code | 04260 |
| Area | Cumberland |
| Listing VS Median (in 04260) | |
Price: $999,000 low | high Med: $497,500 sqft: 800 low | high Med: 1,777 $ / sqft: $1,249 low | high Med: $280 On site: 81 low | high Med: 54 | |
Market Activity 04260
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Learn More About This Property
| State | ME |
|---|---|
| County | Cumberland |
| City | New Gloucester |
| Zip Code | 04260 |
| Area | Cumberland |
| Listing VS Median (in 04260) | |
Price: $999,000 low | high Med: $497,500 sqft: 800 low | high Med: 1,777 $ / sqft: $1,249 low | high Med: $280 On site: 81 low | high Med: 54 | |
