This 38.49 Acre Mobile Home Park located in Little Rock, AR (population 197,357) is projected to produce a GROSS INCOME of approximately $550,000 IN 2015. This is a quiet, well established residential community. TOTAL REVENUE AT FULL OCCUPANCY WOULD BE : $840,000/YEAR.

This park has wide asphalt streets, rolled curbs with gutters, and private drives. Each lot is individually metered and tenants pay all water, gas, and electric. Whispering Hills has a 40’ x 40’ steel office building that houses offices, mail room, and the laundry room.

The park is comprised of 191 MH LOTS AND 140 PARK-OWNED HOMES. This park sits on 28.79 ACRES with an additional 9.70 UNDEVELOPED ACRES on the southwest side of the property that could be used for expansion.

*Expenses are high because over the past 3 years the owner has invested in rehabbing many of the park owned homes in order to get them rentable. He has successfully rented all 110 of the 110 rentable homes, and raised average rents on the POHs from $400 to $550. There is upside for a buyer to not rehab any of the other 30 POHs and collect rents as is. This would decrease expenses by $100K+ creating a CAP of 9+% in the largest market in Arkansas.

*THE PARK PAYS FOR LAWN CARE AND GARBAGE. All other expenses are paid direct by each tenant.