198 Oak Forrest rd, Searcy, AR 72143

  • $1,150,000
  • $1,150,000
198 Oak Forrest rd, Searcy, AR 72143
  • Commercial / Industrial
  • Property Type
  • 24380
  • Sqft
  • 1994
  • Year Built
For Sale

198 Oak Forrest rd, Searcy, AR 72143

198 Oak Forrest rd, Searcy, AR 72143
  • $1,150,000
  • $1,150,000

Description

Mobile Home Park Investment Opportunity Welcome to a prime investment opportunity with this 23-pad mobile home park, sprawling across a generous 15-acre lot. This park presents a golden chance to add significant value and growth potential. With ample space to expand and add more units, investors can capitalize on the increasing demand for affordable housing. All homes in the park are park-owned, with tenants responsible for paying their own utilities, simplifying management and reducing overhead costs. Current rents offer room for adjustment to align with market rates, providing an immediate avenue for revenue enhancement. Additionally, operational expenses can be optimized, further increasing profitability. The park features a blend of well-maintained lawns and shade trees, creating an attractive and comfortable living environment for tenants. Positioned away from the homes, these green spaces offer a serene retreat within the community. Conveniently located close to shopping centers, entertainment venues, and commercial hubs, this mobile home park ensures easy access to essential amenities and leisure activities, making it a desirable location for residents. See Agent Remarks

Details

Updated on August 7, 2024 at 2:18 pm
  • Property ID: hz-7675422
  • Price: $1,150,000
  • Property Size: 24380 Sqft
  • Land Area: 15 Acre
  • Year Built: 1994
  • Property Type: Commercial / Industrial
  • Property Status: For Sale
  • MLS#: 24027399
  • Office Name: FATHOM REALTY CENTRAL
  • Agent Name: Matthew Blum
  • MLS Status: Active

Additional details

  • List Agent MLSID: 27103
  • List Office MLSID: 1766
  • Listing Date: 2024-07-30
  • # Half Baths: half_bathroom
  • Annual Taxes: 4014
  • Tax Year: 2023
  • Approx Lot Size: 15
  • Subdivision: Fairview
  • Possession: Immediately-With Deed
  • Parking: Assigned
  • Floors: Wood,Partial Carpet
  • List Price/Square Foot: 47.17
  • New Construction?: No
  • Exterior Features: Metal/Vinyl Siding,Combination
  • Foundation: Piers/Post,Block,Skirted,Treated Lumber
  • Interior Features: Smoke Detector,Kitchen Area,Living Area,Ceiling Fans,Living Space Included,Showers
  • Roof: Metal,Asphalt Shingle
  • Showing Instructions: Call Listing Agent
  • Utilities: Septic,Water-Public,Electric-Co-op,Gas-Natural,TV-Satellite Dish,Telephone-Private
  • Style: Other (see remarks)
  • Warranty: Normal Wrkng Ordr, As O&A
  • Internet Publication: 3. Yes - without Address
  • Green Home Certified: NO
  • Office Identifier: 1766
  • Zoning: Mobile Home Park
  • Present Use: Other
  • Road Surface: Gravel
  • Possible Use: Office
  • Lot: Level,Not in Subdivision,Out of City,Rental Complex,Secluded
  • Lease Type: Monthly
  • Address 198 Oak Forrest rd
  • City Searcy
  • State/county AR
  • Zip/Postal Code 72143
  • Area WHITE COUNTY (NW)
  • Country United States

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