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    OFF-MARKET
    Mobile home & RV parks

    1551 State Hwy 52, Crossett, AR 71635

    29,400 SF 3.94 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity encompasses a diverse portfolio of three properties located in Crossett, Arkansas. The portfolio includes a mobile home park, apartment buildings, and self-storage units, totaling 214 units and 29,400 rentable square feet across 3.94 acres. Built between 1991 and 2010, the properties are classified as Class C and offer significant value-add potential. Currently operating at 85% occupancy, the portfolio generates a net operating income (NOI) of $125,821, representing a 7.19% capitalization rate. Pro forma projections indicate a potential NOI of $142,743 and an 8.16% cap rate, highlighting the substantial upside for a savvy investor. The asking price is $1,750,000, translating to $59.52 per square foot. The properties are situated at 1551 State Hwy 52 W, 105 Cedar St, and 901 Main St, Crossett, AR 71635, and are zoned for mini-warehouse and mobile home park use. This fee-simple ownership provides complete control and allows for strategic improvements to maximize profitability. The portfolio presents a unique chance to dominate the Crossett storage market, given its substantial share of rentable space within the area. The location offers convenient access, being two hours south of Little Rock, AR, and one hour north of Monroe, LA. This is a rare opportunity to acquire a well-positioned, multi-faceted portfolio with considerable growth potential.

    Property profile
    Verified
    Property type Mobile home & RV parks
    Total area 29,400 SF
    Lot 3.94 ac (171,626 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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