Mobile Home Park Details
- Listing ID: 1903810
- Posted On: Oct 6, 2022
- Updated On: Mar 6, 2023
Description
Colliers Manufactured Housing & RV Group presents the investment opportunity to acquire the 40-site, Shady Pines MHC. The 6.7 acres community features public utilities and is located in Corning, Arkansas.
Offering Site: https://www.crexi.com/properties/914564/arkansas-shady-pines-mhc
Join email list and provide investment criteria: https://lnkd.in/g9xC5k-a
Location
The community is located near expanding MSA's Tulsa and Oklahoma City.
Market Rents in the South have increased and continue 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.
Corning, AR is a community of 3,100, located 2 hours NW of Memphis, TN (pop. 1.3M) and 2.5 hours NE of Little Rock (pop. 0.5M). Shady Pines is the only sizeable mobile home park in the community.
Offering Site: https://www.crexi.com/properties/914564/arkansas-shady-pines-mhc
Join email list and provide investment criteria: https://lnkd.in/g9xC5k-a
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 40 |
| Total Occupancy: | 3.0 % |
| Size: | 7 acre(s) |
Utility Information
| Water: | City |
| Sewer: | City |