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29108699
29108705

1243 US 49, Helena-West Helena, AR 72390

AV
FL SL3452154
eXp Commercial
NM
00000
eXp Commercial
Listed by eXp Commercial
$1,150,000
151 days on market
Updated 100 days ago

Pat Kelley RV Park

Details
APN 703-02268-000
Property Type Mixed Use, Mobile Home Park
Sub Type Mobile Home Park, RV Campground
Units 89
Cap Rate 8.32%
NOI $95,631
Pro-Forma Cap Rate 10.34%
Pro-Forma NOI $118,933
Broker Co-Op Yes
Class D
Investment Type Stabilized

89 Unit RV & MHP w/ Seller Financing

Marketing description

**To download the financials click on “Due Diligence” or “View OM” and you will be prompted to sign a Confidentiality Agreement. Once done you will have immediate access. If you have any troubles accessing please contact Nick McMillan in the listing contacts.**

The MHP Value Team is pleased to offer for sale Pat Kelley RV Park, a stabilized 89-site manufactured housing and RV community situated on approximately 10 acres in West Helena, Arkansas. The offering includes seller financing with 30% down, 6.5% interest, interest-only payments, and a 5-year term, providing buyers with favorable leverage and strong cash-on-cash returns.

The property includes 89 total sites, comprised of 53 RV sites in the front portion of the park, three on-site cabins generating approximately $1,000 per month each, 32 manufactured home sites rented at $250 per month, and one park-owned home (POH) rented at $700 per month, all located in the rear of the community. All manufactured home sites are equipped with 30/50/110 AMP electrical service, allowing them to accommodate RVs and providing operational flexibility.

The park benefits from a strong base of long-term tenants paying approximately $475 per month, while RV tenants are offered flexible rental options at $25 daily and $150 weekly rates. Ownership conducts minimal marketing, with bookings handled directly by the owner, leaving clear upside through the implementation of online booking platforms such as Campspot or comparable systems, improved visibility, and professional management.

The property has been historically owner-operated with informal income tracking, and financials reflect documented income only. Owner does not report cash that is a large portion of his income. The property generated approximately $220,000 in gross income in 2024 and $148,000 in 2025, with upside through rent growth, improved occupancy, and professional management. Water, sewer, and trash are included in rent, while electricity is billed directly to tenants. The property also offers future infill potential, making Pat Kelley RV Park an attractive value-add investment with seller financing.

Investment highlights

  • Attractive Seller Financing. Offered with 30% down, 6.5% interest, interest-only payments, and a 5-year term, enhancing leverage and cash-on- cash returns.

  • Diverse 89-Site Community With Operational Flexibility. 53 RV sites, 32 MH sites, 3 cabins, and 1 POH; all MH sites feature 30/50/110 AMP service, allowing conversion between MH and RV use.

  • Proven Income With Immediate Upside. Generated approximately $220K in gross income in 2024 and grossed $148k in 2025, with upside from rent growth, improved occupancy, and better yield management.

  • Clear Value-Add Through Professional Management & Marketing. Minimal current marketing with owner-handled bookings creates opportunity to implement online reservation platforms (Campspot or similar), expand visibility, and increase top-line revenue.

Listing Contacts

AV
FL SL3452154
eXp Commercial
NM
00000
eXp Commercial
Listed by eXp Commercial

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$95,631.00
$7,969.25/mo

Valuation Metrics

0
DSCR
8.32%
Cap Rate
8.32%
ROI

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