198 Oak Forrest Rd, Searcy, AR 72143
23 Unit Mobile Home Park | $1,480,000 ($64,348/Unit) | 9.06% Cap Rate | Searcy, AR 72143
For Sale
Active
Asking Price $1,480,000
- Property Type
-
Multifamily
- Square Feet
- 68,430 SF
Listing Contacts
Alicia McDonald
Clinton McDonald
Property Overview
Adkins & Associates is pleased to present an amazing opportunity to acquire Oak Forrest mobile home community. This park sits on 15 acres of land and has 23 park-owned homes. Currently, 22 homes are occupied and one home is ready to be renovated providing investors with the opportunity to add value. This park has maintained a 96% occupancy rate and has a waiting list of potential lessees. This community is great for any investor looking for instant cash flow as well as the potential for growth and future development. This could be a unique addition to one’s real estate investment portfolio or 1031 Exchange.
Property Details
- Class
- B
- Year Built
- 2001
- Stories
- 1
- Property Subtype
- Manufactured Housing/Mobile Home
- Lot Size (sq. ft)
- 653,400 SF
- Units
- 23
Highlights
- 9- 2 bed single, 8- 3 bed singles, 4- 3 bed double wide, 2-4 bed double wide
- 96% occupied mobile home community
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