Avison Young is pleased to present the opportunity to acquire
multiple mobile home parks in Jonesboro, Arkansas. These mobile
home parks total 110,876 SF of land and encompass 5 different
parcels. These mobile home parks are around 2 miles from one
another and are all strategically placed surrounding Arkansas State
University. This is an ideal opportunity for an investor to acquire this
asset.
This asset was acquired by way of a foreclosure. As a result, the
lender/seller has very little information. Seller has engaged a local
property firm to determine current income with existing mobile
homes. Several of the mobile homes have been condemned by the
city and lender/seller is in the process of having them renovated.
Property is being sold in “as-is” condition with the lender/seller
not able to provide any due diligence. Buyer to conduct their own
investigation