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Bean Group
Offered at $999,000Active
beds
—
baths
0
sq ft
750
Built
—

229 Spring Valley Lane

New Gloucester, ME 04260

About this home

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.

Listing last checked: Listing updated:

Listed by Listing Agent · Five Star Realty · MLS #1670413

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Details at a glance

Building3 property facts
Style
Multi Family
Foundation
Poured Concrete
Roof
Metal, Shingle
Land & utilities4 property facts
Lot size
5.5 acres
Water
Private, Well
Sewer
Private Sewer
Zoning
RB-2
Financial2 property facts
Annual taxes
$3,344
Assessment year
2025

Location

Estimated monthly cost

Explore costs at the $999,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$5,330 / monthAdjust
Principal & interest
$5,051
Property tax
$279
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $3,344. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

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About 229 Spring Valley Lane

Can I request a private showing?

Request a tour of 229 Spring Valley Lane and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.