3300 Blue Hill Rd - Manufactured Housing/Mobile Housing FOR SALE


Rogers, AR 72758
$950,000 USD
479-925-3333
3300 Blue Hill Rd, Rogers, AR for Sale
$950,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/14

3300 Blue Hill Rd
Rogers, AR 72758


HIGHLIGHTS

  • Majority of tenants have lived onsite for a decade or longer
  • Market could support an increase in rents to possibly $700 monthly per unit
  • Property could possibly be converted to a RV park
  • Surrounding area consists of well maintained and mature neighborhoods
  • Fantastic location with easy access to all of Northwest Arkansas

OVERVIEW

Established in Rogers, this 14-unit mobile home park and large metal building equipped with bay doors is situated in a prime location. Tenants own their units, and many have resided on-site for over a decade. A substantial metal building is currently leased for $2,500 per month. The current owner intends to increase rents from $500 per month to $600/$700. Additionally, the metal building will commence paying $3,000 per month, resulting in an annual income of $136,800. All mobile units are individually metered for utilities, although the seller currently covers the water bills for the property. The new owner could subsequently charge tenants for their water usage, if desired.

FOR SALE DETAILS

PRICE

$950,000 USD

# OF UNITS

15

PRICE/UNIT

$63,333

CAP RATE

14%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.84 AC

LAND SF

297,950 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Cameron TorabiMason Capital GroupMore Info
479-925-3333

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Cameron TorabiMason Capital GroupMore Info
479-925-3333

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