$1,150,000
15± Acres
Active
White County, AR

198 Oak Forrest Rd, Searcy, Arkansas

MLS ID: 24027399
Status: Active
Price: $1,150,000
Acres: 15±
Type: Mobile Home, Business
Address: 198 Oak Forrest Rd
City, State: Searcy, AR
County: White County
ZIP Code: 72143

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

Mike Kingsbury

Mike Kingsbury

Searcy, Arkansas

(501) 339-6822

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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Listed By: Matthew Blum of Fathom Realty Central - (501) 749-5126