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 |
