$1,100,000
$1,100,000
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2,800 SqFt
SOLD DATE : 04/08/2025
Key Details
Sold Price $1,100,000
Property Type Commercial
Sub Type Mobile Home Park
Listing Status Sold
Purchase Type For Sale
Square Footage 2,800 sqft
Price per Sqft $392
Subdivision Fairview
MLS Listing ID 24027399
Sold Date 04/08/25
Style Other (see remarks)
Year Built 1994
Tax Year 2023
Lot Size 15.000 Acres
Acres 15.0
Property Sub-Type Mobile Home Park
Property Description
Mobile Home Park Investment Opportunity Welcome to a prime investment opportunity with this 23-pad mobile home park, sprawling across a generous 15-acre lot. This park presents a golden chance to add significant value and growth potential. With ample space to expand and add more units, investors can capitalize on the increasing demand for affordable housing. All homes in the park are park-owned, with tenants responsible for paying their own utilities, simplifying management and reducing overhead costs. Current rents offer room for adjustment to align with market rates, providing an immediate avenue for revenue enhancement. Additionally, operational expenses can be optimized, further increasing profitability. The park features a blend of well-maintained lawns and shade trees, creating an attractive and comfortable living environment for tenants. Positioned away from the homes, these green spaces offer a serene retreat within the community. Conveniently located close to shopping centers, entertainment venues, and commercial hubs, this mobile home park ensures easy access to essential amenities and leisure activities, making it a desirable location for residents. See Agent Remarks
Location
State AR
County White
Area White County (Nw)
Zoning MobileHome
Interior
Interior Features Smoke Detector, Kitchen Area, Living Area, Ceiling Fans, Living Space Included, Showers
Heating Central Cool-Gas, Window Units, Central Heat-Electric
Flooring Wood, Partial Carpet
Exterior
Exterior Feature Storage Building, Storm Cellar, Dumpster, Under Pinning, Additional Outbuildings
Parking Features Assigned
Garage Spaces 50.0
Utilities Available Septic, Water-Public, Electric-Co-op, Gas-Natural, TV-Satellite Dish, Telephone-Private
Roof Type Metal,Asphalt Shingle
Building
Lot Description Level, Not in Subdivision, Out of City, Rental Complex, Secluded
Foundation Piers/Post, Block, Skirted, Treated Lumber
New Construction No
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