AR MHP | Infill Upside | 31 Lots
Cash-Flowing MHC with Additional Income Through Lease-Up
Marketing description
31-lot mobile home park located in Monticello, AR on 4.68 acres with full city water and sewer. Water is master-metered and tenants are billed directly for electricity.
The property consists of 17 park-owned homes and 1 tenant-owned home. Currently 15 POHs and the TOH are occupied, with 2 vacant POHs and 13 vacant lots.
Current rent roll is $9,475/month. From July–December 2025, the property generated $38,170.95 in NOI, equating to $6,361/month and $76,342 annualized.
Ownership completed over $148K in renovations across 2024–2025, including home rehabs and infrastructure improvements. The park stabilized following completion of this work in July 2025.
Asking price is $700,000, reflecting an ~11% cap rate on in-place NOI.
Upside remains through leasing 2 vacant homes and infilling 13 vacant lots.
Investment highlights
- 31-lot mobile home park on 4.68 acres with city water & sewer
- 17 park-owned homes + 1 tenant-owned home
- Current occupancy: 16 / 31 lots (52%)
- Rent roll: $9,475/month (in-place income only)
- NOI (July–Dec 2025): $38,170.95
- Annualized NOI: $76,342
- Asking price: $700,000 (~10.9% cap rate)
- $148K+ in capital improvements completed (2024–2025)
- 2 vacant POHs available for immediate lease-up
- 13 vacant lots for infill and expansion
- Master-metered water, tenant-paid electricity
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