For Sale Multi-Family MLS# 1674870

229 Spring Valley Lane

New Gloucester, ME 04260

$999,000

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Officemaine_real_estate_information_system_inc_statewide_mls logoFive Star Realty

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About 229 Spring Valley Lane

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.

Property details

Property

Type
multi
Year built
1900
Living area
800 sqft
Price / sqft
$1,249
Lot
5.50 ac
List date
Aug 5, 2026

Schools

District
School Administrative District 15

Location

School district
School Administrative District 15

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Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.