AR 30-Pad MHP | 9% Cap | 150K In Recent Upgrades
Mobile Home Park | 30 Pads | $25,000/pad
Marketing description
Pines Park is a 30-space mobile home community situated on 4.68 ± acres in Monticello, Arkansas. The property offers full city water and sewer with tenants billed directly for power — providing a stable infrastructure and low-maintenance operations.
The community has recently undergone a major turnaround and modernization, with over $148,000 in renovations completed between 2024–2025, including home rehabs, infrastructure repairs, landscaping, and general site improvements. With the heavy lift now complete, the property is stabilized and cash-flowing, with meaningful upside through lease-up and infill of the remaining lots.
Pines Park offers investors a stabilized, income-producing mobile home community in a strong secondary Arkansas market. With city utilities, updated infrastructure, and a solid tenant base, this property provides immediate yield with scalable growth potential through infill and rental optimization.
Investment highlights
30 Total Spaces | 19 Park-Owned Homes | 11 Vacant Lots
16 Tenant-Occupied + 1 Manager Unit + 2 Vacant Homes
$148K+ in Recent Upgrades (2024–2025)
City Water & Sewer | Master-Metered Water | Tenant-Billed Power
Low Operating Expenses – $38K Annual Actuals
9% In-Place Cap Rate | 11.3% Pro Forma Cap Rate
Strong Upside via Infill and Lease-Up
Financial Summary
Gross Income (Current): $112,500/year
Operating Expenses (Actual): $38,082/year
Current NOI: $74,418
Pro Forma NOI: $93,618 (after leasing two vacant homes)
Asking Price: $825,000
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