Mobile Home Park Details

  • Distressed: This property is in default, REO or in foreclosure.
  • Purchase Method: Cash
  • Cap Rate: 5.7%
  • Listing ID: 1340849
  • Posted On: Oct 15, 2020
  • Updated On: Oct 8, 2021

Description

34-lot mobile home park for sales at great discount.

The mobile home is at the frontage of the South Ruddle road, Blytheville, Arkansas. About 5 minute-drive to Walmart, LOWE and other big stores in the area.

There are 4 big steel mills in this area (https://www.yellowpages.com/blytheville-ar/steel-mills).

There are 8 homes with tenants now. If you can spend some time to keep the park nice, there will be more and more tenants coming for sure.

If you are interested in, please contact me for more details:
Hai Nguyen
Email: hai.srmhp@gmail.com
Tel: 870-740-9286

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

Park Information

Community Type: All Age
Number of MH Lots: 34
Total Occupancy: 25.0 %
Average MH Lot Rent: $250
Size: 5 acre(s)

Financial Information (Actual)

Gross Income: $24,000
Operating Expense: $4,000
Net Operating Income: $20,000
Expense Ratio: 16.7 %

Utility Information

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

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