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Jeffrey Jolicoeur

jjolicoeur@surette-realestate.com +1(207) 649-6893

Listed by Rebecca Marcinuk Five Star Realty

$ 999,000

Est. payment -/mo

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229 Spring Valley LN New Gloucester, ME 04260

2 Baths

800 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 800 sqft

Price per Sqft $1,248

MLS Listing ID 1674870

Full Baths 2

HOA Y/N No

Year Built 1900

Tax Year 2025

Lot Size 5.500 Acres

Acres 5.5

Source Maine Listings

Land Area 800

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.

Location

State ME

County Cumberland

Zoning RB-2

Direction Park is Spring Valley Ln. GPS 229 Ricker Rd, New Gloucester for directions.

Rooms

Basement Not Applicable, None

Interior

Interior Features 1st Floor Bedroom, Bathtub, Shower

Heating Gas Bottled, Oil, Propane, Forced Air

Cooling None

Flooring Carpet, Laminate

Laundry Main Level

Exterior

Parking Features Gravel, Paved, 21+ Spaces, On Site, Other Parking

Roof Type Metal,Shingle

Garage No

Building

Lot Description Mobile Home Park, Level, Open Lot, Wooded

Foundation Slab

Water Private, Well

Architectural Style Ranch

Others

Tax ID NEWG-000013-000000-000014

Virtual Tour https://www.propertypanorama.com/instaview/mreis/1674870

Jeffrey Jolicoeur

Team Leader, Broker | BR916783

+1(207) 649-6893

Jeffrey Jolicoeur

229 Spring Valley LN New Gloucester, ME 04260

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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229 Spring Valley LN