Contact Information

Mobile Home Park Details

  • Price: $1,100,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 16.0%
  • Listing ID: 5484707
  • Posted On: Apr 29, 2024
  • Updated On: May 6, 2024

Description

This property consists of 22 park owned units which are either currently rented or under contract as rent to own,16 additional lots are rented, and another 26 vacant lots are ready to rent. One lot is being utilized as a park office. Financial reports are available upon request.

Location

Located off of Bryant St in Pine Bluff and the park is located within the White Hall School District.

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Park Information

Community Type: All Age
Number of MH Lots: 65
Total Occupancy: 54.0 %
Year Built: 1987
Average MH Lot Rent: $200
Size: 17 acre(s)

Financial Information (Actual)

Gross Income: $231,694
Operating Expense: $55,183
Net Operating Income: $176,510
Expense Ratio: 23.8 %
Debt Info: N/A

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 22
Average Rent for Park-owned Homes: $850