198 Oak Forrest rd Active Save Request In-Person Tour Request Virtual Tour
Searcy,AR 72143
Key Details
Property Type Commercial
Sub Type Mobile Home Park
Listing Status Active
Purchase Type For Sale
Square Footage 24,380 sqft
Price per Sqft $47
Subdivision Fairview
MLS Listing ID 24027399
Style Other (see remarks)
Year Built 1994
Tax Year 2023
Lot Size 15.000 Acres
Property Description
Mobile Home Park Investment Opportunity Welcome to a prime investment opportunity with this 23-pad mobile home park, sprawling across a generous 15-acre lot. This park presents a golden chance to add significant value and growth potential. With ample space to expand and add more units, investors can capitalize on the increasing demand for affordable housing. All homes in the park are park-owned, with tenants responsible for paying their own utilities, simplifying management and reducing overhead costs. Current rents offer room for adjustment to align with market rates, providing an immediate avenue for revenue enhancement. Additionally, operational expenses can be optimized, further increasing profitability. The park features a blend of well-maintained lawns and shade trees, creating an attractive and comfortable living environment for tenants. Positioned away from the homes, these green spaces offer a serene retreat within the community. Conveniently located close to shopping centers, entertainment venues, and commercial hubs, this mobile home park ensures easy access to essential amenities and leisure activities, making it a desirable location for residents. See Agent Remarks
Location
State AR
County White
Area White County (Nw)
Zoning MobileHome
Interior
Heating Central Cool-Gas,Window Units,Central Heat-Electric
Flooring Wood,Partial Carpet
Exterior
Exterior Feature Storage Building,Storm Cellar,Dumpster,Under Pinning,Additional Outbuildings
Garage Assigned
Garage Spaces 50.0
Utilities Available Septic,Water-Public,Electric-Co-op,Gas-Natural,TV-Satellite Dish,Telephone-Private
Roof Type Metal,Asphalt Shingle
Building
Lot Description Level,Not in Subdivision,Out of City,Rental Complex,Secluded
Foundation Piers/Post,Block,Skirted,Treated Lumber
New Construction No