Mobile Home Park Details
- Listing ID: 1121048
- Posted On: Aug 14, 2019
- Updated On: Dec 13, 2019
Description
TENANTS AND MANAGER ARE NOT AWARE PARK IS FOR SALE, PLEASE KEEP CONFIDENTIAL.
Timberview Mobile Home Community is conveniently located about a mile off I-530, 8 minutes from the state capital, and just outside the city limits of Little Rock, AR (No city regulations to deal with). Situated on approximately 8 acres in a peaceful, rural setting, the park consists of 33 lots and has 26 park owned homes (average condition, mostly 80’s models). Of the 33 lots, 4 spaces are vacant, there are 4 lot renters and 25 POH renters. Current lot rent is $265 and the average POH rents for $485. The park is NOT in a flood zone.
The park currently pays all utilities (city water, septic, paved roads and garbage disposal). Timberview offers its new owners upside with the opportunity for sub-metering and filling vacant lots. In addition, the current owners are converting from master metered gas to all electric.
Price is based on 9% cap rate on lot rent only plus value of the 26 POHs.
Please email littlerockmhp@gmail.com for more information.
Amenities
- Storage
Park Information
Community Type: | All Age |
Number of MH Lots: | 33 |
Total Occupancy: | 88.0 % |
Average MH Lot Rent: | $265 |
Size: | 8 acre(s) |
Lot Information
Singlewide Lots: | 33 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | Septic |
Park-Owned Homes
Number of Park-owned Homes: | 26 |
Average Rent for Park-owned Homes: | $485 |