Monticello MHC Market
For Sale
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505 Winchester Rd, Monticello, AR 71655
Mobile home park with value-add potential in Monticello, Arkansas.
Property SizeContact for details
Days on Market188
Property Features for 505 Winchester Rd
General Information
Standard status
Active
Class
C
Property subtype
Mobile Home Park
Investment Type
Value Add
Net Operating Income
$188,500
Building Details
Units
52
Listing Agency:
Split Arrow Capital Brokers
Listed By:
William Capone · License #FL: BK3533965
Source:
Crexi
Added: Feb 13
Changed: Aug 9
Last Checked: Aug 18 at 11:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Split Arrow Capital Brokers
Investment Insights
Based on property information with market context.
This property presents a value-add opportunity through strategies such as raising lot rents to market levels, filling vacant sites, managing Rent-to-Own (RTO) homes, and billing back water and sewer expenses. The property is situated within a strong student and workforce housing market. City water and sewer services are available. The homes are reported to be in good condition and well-kept. Pro forma annual gross income could reach $307,872 by increasing rents to market levels. Further potential exists to achieve a pro forma annual gross of $405,648 by filling homes and raising rents to market levels.
Key Highlights
- Opportunity to acquire a majority of the Monticello MHC market.
- Value‑add potential through raising lot rents to market level.
- Pro Forma Annual Gross $405,648 by POH infill & raising rents to market level.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
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Business Placement
Demographics for 71655, AR
14,458
Population
6,659
Households
2.2
Avg Household Size
37
Median Age
24%
College-Educated
88%
High-School Grad
365.7 sq mi
ZIP Area
40
Density / Sq Mi
$40,878
Median Household Income
$32,874
Median Earnings
$703
Median Rent
$132,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Mobile home park with value-add potential in Monticello, Arkansas.
Where is this mobile home & rv park located?
The property is located at 505 Winchester Rd Monticello, AR.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Opportunity to acquire a majority of the Monticello MHC market.; Value‑add potential through raising lot rents to market level.; Pro Forma Annual Gross $405,648 by POH infill & raising rents to market level.
