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28 Spaces - $155,000.00

  • Area 217800 sq ft
  • Floors

Description

Pines Mobile Home Park is located inside Monticello, AR. There are currently 28 spaces on a curved paved road. 21 rented spaces on lot rent only, paying $100 per month. All spaces have city water and sewer in addition to city electric lines. Garbage service is provided by the city. The property sits in the middle of a nice residential neighborhood. Driving to the site the streets are lined with well kept and middle class single family homes. Currently all homes are owned by the tenants and they are paying lot rent only. There are an additional 2 acres which may be grandfathered in as 10 +/- additional mobile home sites.

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Exterior Property Information

  • Sale Status: Expired
  • Net Operating Income: 17839 space(s) / 1,000 ft.2
  • Price: $155,000.00
  • Gross Operating Income: 28560
  • Occupancy Rate: 75 %
  • Operating Expenses: $ 10721
  • Property taxes: $ 7471
  • Number of units: 28

Exterior Features

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