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505 Winchester Rd Monticello, AR 71655

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Mobile home park with value-add potential in Monticello, Arkansas.

Property Features for 505 Winchester Rd

General Information

Standard status
Active

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Listing Contact
William Capone
Source: Crexi

Listing Agency: Split Arrow Capital Brokers Listing Agent: William Capone

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Monticello MHC Market Opportunity

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.
Location Intelligence

Current Use by Public Records

Mobile home & RV ...

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Accounting Firm Big Box & Wholesale Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Monticello
County
Drew
State
Arkansas
Longitude
-91.773487
Latitude
33.635179

FAQs

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 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.
More about this property
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