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Mobile Home Park

Estates on Market

1716 E Market Ave, Searcy, AR 72143

Listing Price: $625,000

Cap Rate
9.42%
Number of Spaces
12
Lot Size
0.85 acres
Occupancy
87.0%
Price/Space
$52,083
Spaces/Acre
14.12
Year Built
1982

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing for the Estates on Market Mobile Home Park. Only 40 miles from Little Rock, this turnkey, clean, and well-maintained community is nestled between beautiful national forests, and located within 1 mile of downtown Searcy, AR. Distribution, education, healthcare, and outdoor tourism support a diverse and growing local economy. A recent organized effort to revitalize the community has made downtown Searcy an increasingly desirable place to live and visit. The Estates on Market MHP consists of 1 lot rent, 11 park owned homes, and is situated on .85+/- acres. Utilities include city water and sewer. Roads are paved. High occupancy rates, below market rents, and proximity to downtown Searcy, make this community an attractive property for investors looking for stable income with upside potential. Residents of Estates on Market Mobile Home Park enjoy the quiet living of the community and easy access to immediate retail and downtown Searcy. Combined with convenience to highways 67, 64, 36, 167, and 16, the property is located close to economic generators, such as Unity Healthcare System, Harding University, Walmart Distribution Center, Downtown Searcy, shopping, and various recreational activities. Rent growth potential, established cash flows, and growth of the local market provide a compelling basis for attractive returns with this investment opportunity.

Investment Highlights

  • Proximity to Little Rock, Downtown Searcy, Economic Generators, and Tourism
  • Well-Maintained Turnkey Community with Established and Consistent Cash Flows
  • Increased Revenue Potential Through Increasing Rents to Sub-Market Levels
  • Revitalized Downtown and Coordination for Continued Growth and Improvement

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s) AR: PB00066390

    Arkansas

Mobile Home Park

Estates on Market

Listing Price: $625,000

Cap Rate
9.42%
Number of Spaces
12
Lot Size
0.85 acres
Occupancy
87.0%
Price/Space
$52,083
Spaces/Acre
14.12
Year Built
1982

Investment Highlights

  • Proximity to Little Rock, Downtown Searcy, Economic Generators, and Tourism
  • Well-Maintained Turnkey Community with Established and Consistent Cash Flows
  • Increased Revenue Potential Through Increasing Rents to Sub-Market Levels
  • Revitalized Downtown and Coordination for Continued Growth and Improvement

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing for the Estates on Market Mobile Home Park. Only 40 miles from Little Rock, this turnkey, clean, and well-maintained community is nestled between beautiful national forests, and located within 1 mile of downtown Searcy, AR. Distribution, education, healthcare, and outdoor tourism support a diverse and growing local economy. A recent organized effort to revitalize the community has made downtown Searcy an increasingly desirable place to live and visit. The Estates on Market MHP consists of 1 lot rent, 11 park owned homes, and is situated on .85+/- acres. Utilities include city water and sewer. Roads are paved. High occupancy rates, below market rents, and proximity to downtown Searcy, make this community an attractive property for investors looking for stable income with upside potential. Residents of Estates on Market Mobile Home Park enjoy the quiet living of the community and easy access to immediate retail and downtown Searcy. Combined with convenience to highways 67, 64, 36, 167, and 16, the property is located close to economic generators, such as Unity Healthcare System, Harding University, Walmart Distribution Center, Downtown Searcy, shopping, and various recreational activities. Rent growth potential, established cash flows, and growth of the local market provide a compelling basis for attractive returns with this investment opportunity.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s): AR: PB00066390

    Arkansas

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