New Gloucester
$999,000
229 Spring Valley Lane
mls: 1670413
Bathrooms: 0
Sq Footage: 750
Lot Size: 5.5
Taxes: $3,344
Status: Active

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.

Listed by: Five Star Realty

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.

Listed by: Five Star Realty

Accessibility Features
Appliances
Architectural Style
Basement
None
Bathrooms Total Integer
0
Body Type
Building Area Total
750.00
Construction Materials
Mobile, Wood Frame, Vinyl Siding
Cooling
Electric
Circuit Breakers, Underground
Exterior Features
Flooring
Foundation Details
Poured Concrete
Green Energy Efficient
Heating
Interior Features
Storage
Laundry Features
Lot Features
Mobile Home Park
Lot Size Acres
5.5000
Other Equipment
Other Structures
Outbuilding
Parking Features
21+ Spaces, On Site, Other Parking, Paved
Patio And Porch Features
Pets Allowed
Property Condition
Roof
Metal, Shingle
Sewer
Private Sewer
Tax Annual Amount
3344.00
Utilities
Water Source
Private, Well
Waterfront Features
Zoning
RB-2