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Mobile Home Park with Expansion Sites

3 Savage Street, Fairfield, ME 04937

For Sale
$249,800

The existing community includes four homes, a prepared pad, and a town-approved plan for additional sites.

Property Size980 SF
Lot Size1.47 Acres
Price / SF$254.90
Days on Market997

Property Features for 3 Savage Street

General Information

Standard status Active
Size 980 SF
Lot size 1.47 Acres
Property subtype Commercial
Zoning Industrial

Units

Multifamily Units 4
Mobile Home Lots 9
Park-Owned Homes 1

Additional Details

Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $2,226

Building Details

Building Size 980 SF
Listing Agency: OWN REAL ESTATE
Listed By: Kimberly Hawkes · License ME DB923296
Source: Integrityhomesrealestategroup
Added: Feb 19, 2024 Changed: Nov 11 Last Checked: Nov 10 at 5:56PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of OWN REAL ESTATE

Rey
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Investment Insights

Based on property information with market context.

This mobile home park occupies a surveyed 1.47-acre parcel and has a town-approved development plan for 9 sites. Four mobile homes are currently on the property, including one owned by the park owner. Another pad is prepared for a single-wide home, and four additional sites have water and sewer stubs in place for expansion. The property is zoned Industrial.

The parcel is near downtown Fairfield, with schools, shopping, the interstate, parks, and trails among the nearby destinations.

Key Highlights

  • Town‑approved development plan for 9 mobile home sites
  • Four mobile homes on the property; one is owned by the park owner
  • 1.47‑acre surveyed parcel

Property Analytics

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Lease Details

4
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

89
Businesses Nearby

Demographics for 04937, ME

6,363
Population
3,041
Households
2.1
Avg Household Size
43
Median Age
14%
College-Educated
94%
High-School Grad
51.9 sq mi
ZIP Area
123
Density / Sq Mi
$62,633
Median Household Income
$34,727
Median Earnings
$943
Median Rent
$149,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Mobile home & RV park - The existing community includes four homes, a prepared pad, and a town-approved plan for additional sites.
Where is this mobile home & rv park located?
The property is located at 3 Savage Street Fairfield, ME.
What is the asking price?
The asking price for this property is $249,800.
What are key features of this property?
This property features: Town‑approved development plan for 9 mobile home sites; Four mobile homes on the property; one is owned by the park owner; 1.47‑acre surveyed parcel
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