List Search

2044-2060 Airport Rd

Hot Springs, AR 71913

$2,700,000

Manufactured Housing Mobile Home Park For Sale  •  1,378,238 Sq Ft

Property Details

  • Property Type Manufactured Housing Mobile Home Park
  • Total Building Size 1,378,238 Sq Ft
  • Lot Size 29.47 ac
  • Building Class C
  • Year Built 1975
0 Transit Score
26 Walk Score

Description

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.

Highlights

Well-established park, strong visibility, below-market rents
Cathy Anderson 901-282-6312 Crye-Leike Commercial
Cathy Anderson 901-282-6312 Crye-Leike Commercial