17 Pad MHP. 15 POH and 2 TOH. 22 Self storage units on the same parcel. Some vacant land can be used to add more storage, possibly 14-20 more units.
City utilities. Tenants pay their own utilities and its direct billed.
The park is 30 minutes from Hot Springs, Arkansas with rents well below market.
P/L show 2022 gross rents were 74K yearly. NOI is 51K
400K asking price. No first time park buyers.
Please reach out if you would like financials.
No seller financing is being offered. A local bank is willing to line up debt on the asset at 6.75% on a 25 year ammo with a 5 year balloon.