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Address is 201 Illinois Street Hot Springs, AR 71901

Brittany Evans

Crye-Leike REALTORS

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Gulpha Gorge Mobile home park

Mobile Home Park for Sale in Hot Springs, Arkansas

201 Illinois Street
Hot Springs, AR 71901

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Sale Price: $649,900
 

Contact Information

Brittany Evans
Crye-Leike REALTORS

Mobile Home Park for Sale

Development Land This is land for developing a mobile home park
Number of MH Lots: 20
Size: 4 acre(s)
Purchase Method: Cash, Seller Financing, New Loan
Status: Active
Property ID: 549967
Posted on: Jul 28, 2015
Updated on: Aug 22, 2016
Price: $649,900

Property Description

20 unit mobile home park
18 park owned mobile homes and 1 house and 1 lot rent unit
Price= $649,900.00

Sits on approximately 4 acres
Generates roughly $8300 dollors monthly gross when full
generally 90% occupied year around
City water and city sewer
Tenants pay all there own utilities except trash

These are the expenses for the park
Insurance and taxes= $ 300.00 per month This includes Million dollar Liability policy
Trash = $180.00 per month
Lights for shop = $25.00 per month
Maintenance = $500.00 per month on average

Serious buyers: Tax returns can be provided with signed Non-Disclosure Agreement.
MLS#115265
Contact Brittany Evans with Crye-Leike REALTORS in Hot Springs Arkansas.
Cell: 501-620-3588 or Office 501-321-0800. Email: brittanyevans79@gmail.com

Park Information

Number of MH Lots:20
Total Occupancy:90.0%
Year Built:1970
Average MH Lot Rent: $400
Size:4.0 acre(s)

Financial Information (Actual)

Gross Income$8,300
Operating Expense$1,000
Net Operating Income$7,300
Expense Ratio 12.0%
Debt Info

Lot Information

Singlewide Lots:18

Utility Information

Water:City
Water Paid By: Tenant - Individual Service
Sewer:City

Park-Owned Homes

Number of Park-owned Homes:18
Average Rent for Park-owned Homes: $400

Amenities and Other

Storage: Yes


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