49 Cedar Hills RdMidway, AR 72651

For Sale
$800,000

Arkansas Mobile Home Park Investment

Overview

Added:
Dec 11, 2024
Days on market:
92
This turn-key mobile home park in Midway, Arkansas, offers a compelling investment opportunity. Located on 8.5 acres, the property boasts 14 lots, all currently occupied except for one owner-occupied unit. The park features park-owned homes (POH), most of which have undergone recent rehabilitation. City water is directly billed to tenants, and septic is on a 1:1 ratio. The property presents significant upside potential with the addition of 10 immediately developable RV sites. The strong market rents and consistently high occupancy rate contribute to a 7.90% cap rate. The asking price is $800,000, and seller financing may be available. The owner-occupied home, a 2004 model with 5 bedrooms and 3 bathrooms, offers additional income potential, estimated at $1,200 per month or more. Situated near Bull Shoals Lake, the park benefits from a desirable location in a popular recreational area less than 10 miles from the Missouri border. This property is ideal for investors seeking a stable, high-performing asset with room for expansion and immediate value-add opportunities.

Property Details for 49 Cedar Hills Rd

Property type
Multifamily properties, Mobile home & RV parks
Units
14

Location Insight

City
Midway
County
Baxter
State
Arkansas
Latitude
36.3926342
Longitude
-92.4990635
49 Cedar Hills Rd, Midway, Arkansas
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49 Cedar Hills Rd
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