417 Yankee RdJudsonia, AR 72081

For Sale
$136,600

Arkansas Mobile Home Park: High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
92
This 4.5-acre mobile home park in Judsonia, Arkansas, presents a compelling investment opportunity. Currently boasting three mobile homes (16x60, 14x60, and 16x64 models built between 1995 and 1997) with 100% occupancy, the park generates a current NOI of $13,662. Significant value-add potential exists through rent increases and the addition of up to one more mobile home. Pro-forma NOI, reflecting these improvements, is projected at $27,765, representing a 10% cap rate. Each unit includes two parking spaces. The property is zoned for mobile homes and features three existing septic systems. The asking price is $136,600, translating to approximately $45,533.33 per pad. Current rents range from $400 to $525 per month, with pro-forma rents projected to increase to between $625 and $675 per month. One existing home is currently undergoing remodeling, with a rent increase to $675 anticipated upon completion. The estimated cost to add a fourth mobile home, including purchase, installation, and utilities, is under $35,000. A 10-day due diligence period is available following offer acceptance. This property offers immediate cash flow and substantial growth potential in a high-demand market.

Highlights

  • 4.5-acre mobile home park in Judsonia, AR, with three occupied mobile homes (16x60, 14x60, and 16x64) built between 1995 and 1997.
  • Current NOI is $13,662, with pro-forma NOI projected at $27,765 after rent increases and adding one more home, representing a 10% cap rate.
  • Asking price is $136,600 ($45,533.33 per pad).
  • Current rents range from $400 to $525/month, with pro-forma rents projected at $625 to $675/month.
  • Adding a fourth mobile home is estimated at under $35,000.
  • 10-day due diligence period available post-offer acceptance.

Property Details for 417 Yankee Rd

Property type
Multifamily properties, Mobile home & RV parks
Class
C
Year Built
1997
Buildings
3
Stories
1
Lot Size (sq. ft)
196,020 SF
Units
3

Location Insight

City
Judsonia
County
White
State
Arkansas
Latitude
35.3361311
Longitude
-91.6426173
417 Yankee Rd, Judsonia, Arkansas
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417 Yankee Rd
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