Mobile Home Park

Timberview Estates

Listing Price: $710,000

Cap Rate
4.00%
Number of Spaces
34
Lot Size
8.00 acres
Occupancy
91.00%
Price/Space
$20,882
Spaces/Acre
4.25
Year Built
1970

Investment Overview

Marcus and Millichap is pleased to present Timberview Mobile Home park, a 34-site community located in Little Rock, Arkansas. Located in one of Arkansas strongest manufactured housing submarkets and offers significant upside through utility billbacks – currently, Timberview lot rents are on par with the market average, but the park pays for all utilities. An investor can also capture some additional upside through filling two vacant homes. With its location just a mile outside of the city limits, tenants enjoy a quiet, rural community with a quick commute to the city. Currently, Timberview has 23 park-owned homes, of which 19 are occupied. 12 tenants are on rent-to-own program.

Investment Highlights

  • 34 Spaces
  • 23 POH - 12 tenants on rent-to-own program
  • Most homes are 1980s models
  • City water and septic utilities
  • Upside through utility sub-metering
  • 1 mile outside the city limits
  • The MSA has grown +7% since 2010 and the unemployment rate is lower than the national average at 3.3%

Exclusively Listed By

Listing Price: $710,000

Cap Rate
4.00%
Number of Spaces
34
Lot Size
8.00 acres
Occupancy
91.00%
Price/Space
$20,882
Spaces/Acre
4.25
Year Built
1970

Investment Highlights

  • 34 Spaces
  • 23 POH - 12 tenants on rent-to-own program
  • Most homes are 1980s models
  • City water and septic utilities
  • Upside through utility sub-metering
  • 1 mile outside the city limits
  • The MSA has grown +7% since 2010 and the unemployment rate is lower than the national average at 3.3%

Investment Overview

Marcus and Millichap is pleased to present Timberview Mobile Home park, a 34-site community located in Little Rock, Arkansas. Located in one of Arkansas strongest manufactured housing submarkets and offers significant upside through utility billbacks – currently, Timberview lot rents are on par with the market average, but the park pays for all utilities. An investor can also capture some additional upside through filling two vacant homes. With its location just a mile outside of the city limits, tenants enjoy a quiet, rural community with a quick commute to the city. Currently, Timberview has 23 park-owned homes, of which 19 are occupied. 12 tenants are on rent-to-own program.

Exclusively Listed By

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