NORTHERN ARKANSAS MOBILE HOME PARK
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PURCHASE PRICE : $425,000
UPSIDE VALUE : $704,000
EXPENSE RATIO : 40%
• LOTS : 36
• OCCUPIED LOTS : 27
• UTILITIE’S : CITY WATER AND SEWER
(DIRECT BILLED TO THE TENANTS)
• STORAGE UNITS : 24 4-5x10, 9-10x10, 6-10x15, 5-10x20
• STREETS : ASPHALT: 90% GRAVEL : 10%
• POH : 20
• TOH : 7
• Market Comps : POH : $330-$650
• PROJECTED LOT RENT UPSIDE : $300
• 2 BDRM. APARTMENT : The manager stays in this apartment for free. There is a laundromat attached to the back of the Apartment.
• MDIAN HOME PRICE : $94,000
NOTES: This area is very friendly toward Mobile home parks. This park is the only park located within the City limits. There are a strong demand for $300 lot rent within the area, I average 5-10 replies a day when running a test ad for the market.
IF INTERESTED, PLEASE LEAVE YOUR EMAIL ADDRESS OR YOU CAN TEXT/CALL 816-542-2908