Contact Information

Mobile Home Park Details

  • Price: $275,000
  • Purchase Method: Cash, New Loan
  • Property ID: 1188505
  • Posted On: Feb 7, 2020
  • Updated On: Feb 7, 2020

Property Description

*Listing Broker: Jennifer Stein, JDS Real Estate Services Inc.*
LC# PB00076638

This is the unique opportunity to purchase a 38 Space Mobile Home Park with great upside!
Located less than 20 miles from Little Rock Arkansas, and only 3 miles from Little Rock Air Force Base, this property is set up for its next owner to bring in new homes, increase occupancy, and bring rents to market!

Pinewood Estates consists of 38 total lots, which if shuffled around may have room for 40, each home has ALL UTILITIES DIRECT BILLED TO TENANT (w/s/t/e/g). At least 6 spaces immediately ready for new homes; all lots have sewer in place, and ability to add water meters. Electric may not be available at all vacant spaces.

Currently only 18 spaces are occupied, two out of three streets have had their plumbing replaced with full PVC, while only one remains with 400 ft of Orangeburg Pipe, which is in working order, and has been regularly maintained and repaired.

Currently 4 tenants are on a Rent Credit Program, allowing the tenants to apply their rents toward purchasing their homes.

With attention from a focused operator, this property has significant upside, as it's expenses are low to operate, and occupancy rents could be increased to stabilize and reposition the asset for a mid-term hold, and resell, or would make for a great asset for a long term investment!

Location

This is the unique opportunity to purchase a 38 Space Mobile Home Park with great upside!
Located less than 20 miles from Little Rock Arkansas, and only 3 miles from Little Rock Air Force Base, this property is set up for its next owner to bring in new homes, increase occupancy, and bring rents to market!

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

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