Sands Investment Group is Pleased to Present Exclusively For Sale the Millcreek Mobile Home & RV Park Located at 101 Ouachita Road 471 in Camden, AR. This Deal is a 96 Lot Community;14 RV Full Hook Up Sites & 82 Mobile Home Sites. 35 Sites Currently Occupied Consisting of 21 Park Owned Mobile Homes, 8 Tenant Owned Homes & 6 RVs. All Tenants Are Currently on a Lease, Providing For a Secured Investment.
PROPERTY HIGHLIGHTS:
• 96 Lot Community; 14 RV Full Hook Up Sites & 82 Mobile Home Sites
• 35 Sites Occupied Consisting of 21 Park Owned Mobile Homes, 8 Tenant Owned Mobile Homes & 6 RVs
• City Water & Sewer
• MH Tenants Are Responsible For Their Own Utilities (Each Site Has its Own Water, Gas & Electric Meter); RV Sites Are All-Inclusive
• All Tenants Currently on a Lease
• Add Value By Infilling Vacant Lots
• Paved Roads Are County Maintained
• Pro-Forma Annual Gross Income Estimated to Be $320,700, Based on Current Occupied Site Count; Pro-Forma at Conservative Market Rents, Prices Out at a 16.28% Cap Rate, Opportunity to Increase This Basis With the Infilling of the Vacant 53 MH Sites
