417 Yankee Rd Judsonia, AR 72081
- Mobile home & RV parks
- 4.50 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 417 Yankee Rd
- Year built
- 1997
- Lot size
- 4.50 lot acres
- Property type
- Mobile home & RV parks
- Property subtype
- Investment properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Judsonia
- County
- White
- State
- Arkansas
- Longitude
- -91.6426
- Latitude
- 35.3361
