This offering presents a rare opportunity to acquire a portfolio of 101 mobile homes situated on 236.67 total acres in the Little Rock, AR metro area (MSA population approximately 748,000). The homes are located primarily around Ward and Lonoke, Arkansas, all within a 20-mile radius, offering operational efficiency and streamlined maintenance coverage.

The portfolio consists of portfolio-owned homes—primarily 1990s and 2000s models—positioned on individual parcels of land. All but one of the homes is on public water, and each unit is served by its own individual septic system. Tenants are responsible for their own utilities, keeping the expense ratio remarkably low.

All 101 homes are currently in habitable condition, including the vacant units. With strategic management and targeted improvements, this portfolio is primed for significant cash flow and long-term value creation.

Value-add Opportunities:

1. Untapped Rent Growth

Many legacy tenants have not seen a rent increase since their initial move-in, some dating back as far as 2012. The current owner has recently completed light rehab on twelve vacant homes, several of which are now renting for $1,200/month or more. A new owner has the immediate opportunity to implement rent adjustments and increase revenue substantially from day one—while capitalizing on a stable, long-term resident base.

2. Expansion Potential

With over 236 acres included in the sale, there is significant room to add additional homes. Even conservatively allotting one acre per unit, the portfolio could accommodate 100–135 more homes, creating a compelling path for scalable growth. The surrounding Ward and Lonoke areas are growing at approximately 3% annually, driven by demand from individuals seeking more space and affordability outside of the Little Rock city core.

3. Potential Retail Exit Strategy

With improving conditions, many of these homes could be sold off individually with their accompanying land. Retail market values suggest one-acre parcels with homes could sell for $200,000 or more, presenting another layer of exit optionality.

The portfolio includes approximately $4,000,000 of assumable debt at approximately 7.5% interest (for qualified buyers). The seller is also open to discussing a small seller-financed second position, creating flexibility for the right buyer.

While this may not fit the mold of a traditional mobile home park, investors experienced with portfolio-owned home (POH) models will recognize the unique upside here. From immediate rent growth and light rehab opportunities to substantial infill and retail exit potential, this portfolio offers multiple levers for increasing cash flow and longterm value.

Set in the stable and expanding Little Rock metro, this is a rare opportunity to own a high-acreage, income-producing mobile home portfolio in a growing region with strong demand for affordable rural housing.

MR. LANDMAN, LLC is a licensed real estate entity in the State of Arkansas under Lic#PB00090772. Jonathan Fisher is a primary broker in the State of Arkansas under Lic#PB00090772.