Mobile Home Park Details
- Listing ID: 1903808
- Posted On: Oct 6, 2022
- Updated On: Mar 6, 2023
Description
Colliers Manufactured Housing & RV Group presents the investment opportunity to acquire the 75-site, Meadow Wood MHC. The 13.1 acres community is located in Blytheville, Arkansas just north of Memphis, Tennessee.
Due to the high level of vacancies rents have not been raised at the same pace as similar communities over the last two years. Over time as the community fills up there is an opportunity to raise rents to be more in line with the market, creating substantial upside.
Offering Site: https://www.crexi.com/properties/914542/arkansas-meadow-wood-mhc
Join email list and provide investment criteria: https://lnkd.in/g9xC5k-a
Location
The community is located near the expanding and historic MSA, Memphis.
There is an underutilized 70’ x 40’ steel building that could be converted into 14 climate-controlled self-storage units and a centrally located 30’ x 40’ cement pad with services ideal for building an office building with laundry and park showers.
Market Rents in the South have increased and continued to see a YOY gain as population grows.
The Southern USA is the fastest growing region by population, outpacing even Western states with 10.2% growth since 2010 which accounted for nearly half of the country's overall population increase.
The community has infrastructure in place and can be quickly improved to increase occupancy and rents through existing vacant homes and new homes.
Blytheville, AR is a community of 14,000, located less than an hour North of Memphis, TN (Pop. 651,000+)
Offering Site: https://www.crexi.com/properties/914542/arkansas-meadow-wood-mhc
Join email list and provide investment criteria: https://lnkd.in/g9xC5k-a
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 75 |
| Total Occupancy: | 13.0 % |
| Size: | 13 acre(s) |
Utility Information
| Water: | City |
| Sewer: | City |