597 WHITNEY LN Kensett AR 72082

Colliers Manufactured Housing & RV Group is pleased to present the opportunity to acquire the Whitney Lane RV Park, a 50-site campground located just off U.S. 67 with quick and convenient access into downtown Little Rock in just one hour. Whitney Lane is perfectly situated for RVers passing through, on an extended trip or those looking to experience the quiet, natural charm of central Arkansas.

The asking price for the park is $1,260,000 ($25,200/site)

which represents an 8.6% cap rate on Year 1 income including the value for the 72 site expansion land.

MOTIVATED SELLER

Join email list and provide investment criteria: https://lnkd.in/g9xC5k-a

Colliers Manufactured Housing & RV Group Linkedin Page:
https://www.linkedin.com/company/35565066

Other opportunities:
https://www.crexi.com/profile/mike-nissley-mikeni

MH Park Groups:
https://www.facebook.com/groups/1971542136217030
https://www.linkedin.com/groups/12180353

RV Park Groups:
https://www.facebook.com/groups/2040575082699586
https://www.linkedin.com/groups/12180303

• The park benefits from its location just 3 minutes from Highway 67 and offers of both short and long-term rentals.

• Current rates are below market with other local parks charging 10-15% more and could be increased to optimize revenue.

• The park has a fully engineered site plan to expand the park by 72 sites and is construction ready. There is a recent engineering estimate of $11k/site to expand the park.

• Located between Little Rock and Memphis just off U.S. 67, making Whitney Lane a picturesque and convenient spot for RVers along the way.

• With increasing electricity costs, the sites could be sub metered and costs passed through to monthly tenants.

• MOTIVATED SELLER