Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 15.0%
- Listing ID: 804341
- Posted On: Apr 18, 2017
- Updated On: Jan 17, 2018
Description
48 pad park in beautiful Heber Springs, AR, for sale. Owner has put his sweat, blood and tears into cleaning up and filling up this park. Take advantage of this opportunity to own a park with very little competition for affordable housing in the area.
Please see full MARKETING PACKAGE attached.
Thanks you!
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 48 |
| Total Occupancy: | 90.0 % |
| Year Built: | 1976 |
| Average MH Lot Rent: | $400 |
| Size: | 14 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $217,740 |
| Operating Expense: | $58,219 |
| Net Operating Income: | $159,521 |
| Expense Ratio: | 26.7 % |
RV Information
| Number of RV Lots: | 3 |
| Average RV Lot Rent: | $500 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
