Mobile Home Park with lots of opportunity for upside!

Park owner is ready to retire and sell this park in peaceful Midway, Arkansas. Area is known for great lakes and recreational activities nearby.

Park has 35 rentals that include the following:

- 26 park-owned homes
- 4 tenant-owned homes
- 5 apartments

Lot rents are very low at $125 and have not been increased in almost 15 years. Park owner currently lives in one of the units that should bring $500/month additional income once owner sells. In addition to the mobile homes, lots and apartments, there is a separate laundry facility on site that offers both coin operated service and drop off service to nearby residents and business owners.

Park is on city water and septic. There is a possibility of some modest expansion of 3 units. Most pads are either 100 or 200 amp.panels. All units are separately metered and tenants pay their own electric.

Park owner pays taxes, water, trash, maintenance on park-owned homes and lawns. There are 3 dumpsters on site.

This property has a 14.5 cap rate with the laundry income included and a 9.5 cap rate not including the laundry.

Asking price: $579,999

Please see full Marketing Package attached.