Manufactured Housing Mobile Home Park For Sale
1,378,238 Sq Ft
93 pad park (12 RV pads), located in Garland County, Hot Springs, Arkansas for sale. This is a very well established 93 pad park, with 23 park-owned homes and 59 tenant-owned homes. 5 new homes have been added that will bring the current occupancy to 28 park-owned homes and 59 tenant-owned homes.
Included with this sale is a 42 unit mini-storage facility and one single family home which is currently rented.
Lots rents are below market at $165/month. All lots are metered for water and electric and tenants pay their own utilities.
There are 12 RV sites on the property that, when rented, include the utilities.
Owner pays taxes, insurance on park, insurance on park-owned homes and repairs on park-owned homes when necessary. There is a small amount of common electric for the office and street lights and for water. The owner currently uses independent contractors for labor when required.