106 Chance Cir - Manufactured Housing/Mobile Housing FOR SALE


Mount Ida, AR 71957
$5,750,000 USD
870-210-1445
106 Chance Cir, Mount Ida, AR for Sale
$5,750,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/78
null | 8.39% Cap Rate

106 Chance Cir
Mount Ida, AR 71957


HIGHLIGHTS

  • Tenant Owned Homes
  • Owner holds mortgages/deeds on MHs while owner financing them
  • ~30% increase in GRI with $0 Capex in lot rent raises to market value and vacancy infill
  • Potential for further expansion of additional lots

OVERVIEW

Compelling opportunity to acquire a three–mobile home park portfolio in Arkansas totaling 73 rentable lots, offered as a package sale for immediate scale and operational efficiency.? This cash-flowing portfolio is positioned in markets with strong demand for affordable housing, a sector that continues to outperform across economic cycles.? The parks feature established infrastructure, individually metered lots, and a stable tenant base, providing in-place income with clear value-add upside through rent optimization, infill, and improved management practices.? Portfolio ownership allows for centralized operations, lower per-unit expenses, and accelerated NOI growth.? Arkansas remains an attractive investment market due to favorable landlord regulations, population stability, and limited new supply of mobile home communities.? These parks benefit from consistent occupancy and durable demand driven by workforce housing needs.? Ideal for experienced investors seeking a scalable entry or expansion in the mobile home park sector.? Immediate cash flow with long-term appreciation potential in a supply-constrained asset class.? Financials and supporting documentation available upon request.?

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$575 USD /SF

# OF UNITS

73

PRICE/UNIT

$78,767

CAP RATE

8.39%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Three Arkansas MHP Package

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.24 AC

LAND SF

141,134 SF

ZONING

-

APN/PARCEL ID

078-00049-000

ASK ABOUT THIS PROPERTY

Jason EdingtonKeller Williams Realty - Little RockMore Info
870-210-1445

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Jason EdingtonKeller Williams Realty - Little RockMore Info
870-210-1445

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.