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3300 Blue Hill Rd 15 Unit Mobile Home Park $950,000 ($63,333/Unit) 14% Cap Rate Rogers, AR 72758

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INVESTMENT HIGHLIGHTS

Majority of tenants have lived onsite for a decade or longer
Property could possibly be converted to a RV park
Fantastic location with easy access to all of Northwest Arkansas

Market could support an increase in rents to possibly $700 monthly per unit
Surrounding area consists of well maintained and mature neighborhoods

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Price	$950,000	Property Type	Multifamily
Price Per Unit	$63,333	Property Subtype	Manufactured Housing/Mobile Home
Sale Type	Investment	Apartment Style	Single-Family Home
Cap Rate	14%	Lot Size	6.84 AC
Sale Condition	Business Value Included	No. Stories	1
No. Units	15	Year Built	1980

Price	$950,000
Price Per Unit	$63,333
Sale Type	Investment
Cap Rate	14%
Sale Condition	Business Value Included
No. Units	15
Property Type	Multifamily
Property Subtype	Manufactured Housing/Mobile Home
Apartment Style	Single-Family Home
Lot Size	6.84 AC
No. Stories	1
Year Built	1980