Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Seller Financing
  • Cap Rate: 15.0%
  • Listing ID: 804341
  • Posted On: Apr 18, 2017
  • Updated On: Jan 17, 2018

Description

48 pad park in beautiful Heber Springs, AR, for sale. Owner has put his sweat, blood and tears into cleaning up and filling up this park. Take advantage of this opportunity to own a park with very little competition for affordable housing in the area.

Please see full MARKETING PACKAGE attached.

Thanks you!

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

Park Information

Community Type: All Age
Number of MH Lots: 48
Total Occupancy: 90.0 %
Year Built: 1976
Average MH Lot Rent: $400
Size: 14 acre(s)

Financial Information (Pro Forma)

Gross Income: $217,740
Operating Expense: $58,219
Net Operating Income: $159,521
Expense Ratio: 26.7 %

RV Information

Number of RV Lots: 3
Average RV Lot Rent: $500

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

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