Mobile Home Park

Bayshore Mobile Home Park

State Hwy 290, Hot Springs, AR 71913

Listing Price: $1,790,000

Cap Rate
8.28%
Number of Spaces
78
Lot Size
11.03 acres
Occupancy
72.00%
Price/Space
$22,949
Spaces/Acre
7.07
Year Built
1981

Investment Overview

Bayshore Mobile Home Park is a 78-site mobile home park located on 215 Highway 290 in Hot Springs, Arkansas. The park consists of 51 park-owned homes, 17 mobile home lot rents, 7 vacant pads, and 3 apartments. All park owned homes are on a RTO program. Bayshore is on 11 acres of land and sits in a premium location with lake shore frontage on lake Hamilton. The residents pay for their own electricity and the park pays for water, sewer, and trash. Each site is individually metered for electricity and the park has a master meter for water. The park operates on city water and sewer. The city of Hot Springs offers many attractions which include the Hot Springs National Park and Lake Ouachita State Park, museums, Oaklawn Racing Casino, and Lake Hamilton for fishing, boating, and water sports. Residents of the city of Hot Springs also enjoy many local festivals throughout the year. Bayshore is also in the Lakeside school district. The major employers in the area include CHI St. Vincent Hospital, Oaklawn Casino Racing Resort, the National Park Medical Center, and the City of Hot Springs. The asset is less than one mile away from major highways 7 and 290. The nearest Walmart is less than 15 minutes away. Bayshore is being offered at a day one capitalization rate of 8.28 percent and a pro forma capitalization rate of 9.30 percent. The current management is open to staying onboard for future ownership.

Investment Highlights

  • Offered at 8.28% Cap Rate Day One
  • Operates on City Water and Sewer
  • Management Open to Staying Onboard for Future Owners
  • Less Than 1 Mile Away from Major Highways 7 and 290

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    License(s): AR: PB00066390

    Arkansas

Mobile Home Park

Bayshore Mobile Home Park

Listing Price: $1,790,000

Cap Rate
8.28%
Number of Spaces
78
Lot Size
11.03 acres
Occupancy
72.00%
Price/Space
$22,949
Spaces/Acre
7.07
Year Built
1981

Investment Highlights

  • Offered at 8.28% Cap Rate Day One
  • Operates on City Water and Sewer
  • Management Open to Staying Onboard for Future Owners
  • Less Than 1 Mile Away from Major Highways 7 and 290

Investment Overview

Bayshore Mobile Home Park is a 78-site mobile home park located on 215 Highway 290 in Hot Springs, Arkansas. The park consists of 51 park-owned homes, 17 mobile home lot rents, 7 vacant pads, and 3 apartments. All park owned homes are on a RTO program. Bayshore is on 11 acres of land and sits in a premium location with lake shore frontage on lake Hamilton. The residents pay for their own electricity and the park pays for water, sewer, and trash. Each site is individually metered for electricity and the park has a master meter for water. The park operates on city water and sewer. The city of Hot Springs offers many attractions which include the Hot Springs National Park and Lake Ouachita State Park, museums, Oaklawn Racing Casino, and Lake Hamilton for fishing, boating, and water sports. Residents of the city of Hot Springs also enjoy many local festivals throughout the year. Bayshore is also in the Lakeside school district. The major employers in the area include CHI St. Vincent Hospital, Oaklawn Casino Racing Resort, the National Park Medical Center, and the City of Hot Springs. The asset is less than one mile away from major highways 7 and 290. The nearest Walmart is less than 15 minutes away. Bayshore is being offered at a day one capitalization rate of 8.28 percent and a pro forma capitalization rate of 9.30 percent. The current management is open to staying onboard for future ownership.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    License(s): AR: PB00066390

    Arkansas

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