Contact Information

Todd Fletcher

ARA MHC Group

Mobile Home Park Details

  • Price: Call for Price
  • Property ID: 1167756
  • Posted On: Dec 16, 2019
  • Updated On: Jan 8, 2020

Property Description

• Green Acres MHC is a 114-site (97 MH/17 RV) all-age community positioned
on approximately 16.5 acres serviced by public utilities and located in an
opportunity zone. The community sits across the street from Lowe’s Home
Improvement and countless other retail and dining destinations.
• The community sits in a flood plain but the municipality has provided directive
on how to set the homes to meet the city code requirements. Please see the
flood plain documentation in the war room for more detail.
• The community features a spacious grid-type layout with off-street parking
and paved roads throughout. Property infrastructure (roads and utilities)
appears to be in good shape.
• Offering includes 43 park-owned homes, of which 22 are currently occupied
averaging $202 for the home rent portion. Value-add opportunity for a new
buyer to fill the remaining vacant homes to increase occupancy.
• There is a strong demand for affordable housing in this market. The average
household income is approximately $55,700 within a ten-mile radius around
the property while home values average in the $153,000 range.
• Tyson Foods, the largest employer in Union City, recently invested $80 million
to expand operations in the city and will create more than 300 new jobs. Excel
Boats Co. will be investing $7.5 million to open a manufacturing plant in Union
City and will employ roughly 175 people over the next five years.
• Within a ten-mile radius of the community, the total population is 21,720 with
an average home value of $152,457.

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Park Information

Community Type: All Age
Number of MH Lots: 97
Year Built: 1970
Size: 16 acre(s)

RV Information

Number of RV Lots: 17

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