7918 Us-70 North Little Rock, AR 72117
- Mobile home & RV parks
Current Use by Public Records
- Mobile home & RV parks
Property Details for 7918 Us-70
- Property type
- Mobile home & RV parks
- Property subtype
- Campgrounds
Description
This exceptional investment opportunity presents a stabilized, Class C multifamily property operating as a successful RV park in North Little Rock, Arkansas. The park boasts 60 RV rental pads, each equipped with full utilities, and enjoys a consistently high occupancy rate, averaging 90% monthly. A complete remodel was undertaken in 2021, enhancing the park's appeal and functionality. The property includes three buildings, one of which serves as on-site management housing with a current one-year lease in place. The park's prime location on US-70 in Pulaski County provides convenient access to major transportation routes. Full bathrooms and showers are available for park guests. The property's strong financial performance is evident in its impressive $158,162 Net Operating Income (NOI) and a 9.04% capitalization rate, with projections indicating a 10% growth pattern for 2023. The current on-site management is available to continue operations if desired. Furthermore, the property offers potential for expansion with available space for additional drive-through sites. This turnkey operation presents a rare opportunity to acquire a high-performing, established business with significant upside potential. The asking price is $1,750,000. The property is located at 7918 US-70, North Little Rock, AR 72117.
Value Estimation
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Location Insight
- Map
- Local Demand
- City
- North Little Rock
- County
- Pulaski
- State
- Arkansas
- Longitude
- -92.1753
- Latitude
- 34.7688
