NWA Mobile & Small Home Park

Location: Arkansas
Type: Real Estate
Price: $1,850,000

New park in city limits with 25 recently and completely refurbished mobile homes or stickbuilt homes including 5 duplexes.  All are owned by Seller.  100% leased.   Park has been engineered with water and sewer for additional 26 lots.  Owner has been building 3-4 units per year and has waiting list as town has large and growing food processing plant.  Each home has nice porches and concrete block bases that are being stuccoed.  Since all homes have been refurbished or built by owner, there is a hi degree of quality and consistency not normally seen in area competitive parks which delivers higher rents. Owner has crews and would stay on to build out rest of park if desired. 

MLS #: 1112041

Financial Information
Asking Price:
$1,850,000
Gross Income 2019 projected: $209,000
Furniture, Fixtures & Equipment: Included in Asking Price
Inventory: Est. $100,000 building materials included in Asking Price
Real Estate: 13 +/- acres  Included in Asking Price

General Information
Year Established:
1980s as mobile home park; Refurbished expanded 2015-2019
Employees: NA
Facilities: There are 25 units currently and has 26 additional unit lots ready to grow.
Competition: Several in area; mostly all full
Growth/Expansion: 26 additional lots ready to be built on
Financing: NA
Support/Training: Yes; Owner will stay on to complete buildout if desired
Reason for Selling: Other investment focus
Location: Northwest Arkansas

For more information, contact:

Stewart Nance
Office: 479-521-8529   Cell: 870-688-7100
Email: stewart@arkansasbusinessbrokers.com