Contact Information

Mobile Home Park Details

  • Price: $5,125,000
  • Purchase Method: Cash
  • Property ID: 1051403
  • Posted on Apr 10, 2019

Property Description

Capstone Manufactured Housing is pleased to present a 191-site, all-ages mobile home park located just outside Little Rock, Arkansas. This community is centrally located in one of Arkansas’s strongest manufactured housing submarkets that boasts an average occupancy of 91% and features significant rental upside with lot rents 31% below the market average. The property also features a unique value-add opportunity due to vacant land on the property that offers the potential to add up to 70 additional sites. Furthermore, the property is proximate 15 minutes to Little Rock and presents a reasonable commute for residents employed throughout the MSA. The significant rental upside and value-add opportunity, combined with a market with very strong demand, makes this offering an exceptional investment opportunity.

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Park Information

Community Type: All Age
Number of MH Lots: 191
Total Occupancy: 91.0 %
Year Built: 1973
Average MH Lot Rent: $225
Size: 38.5 acre(s)

Utility Information

Water: City
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 98

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