DISCOUNTED OFF MARKET TURN KEY MOBILE HOME PARKS

1719 S Ohio St, Pine Bluff, AR 71601

$190,000 After Repair Value -
$190,000 Asking Price -
$0 Cost of Repairs =
$0 Potential Profit

Property Details

Asking Price $190,000

After Repair Value $190,000

Costs of Repairs $0

Potential Profit $0

Living Area N/A

Property Type Commercial Property

Bedrooms +7

Bathrooms +7

Half Bathrooms 0

Parking 0

Listed with Agent No

Property Description

Purchase Price: $190,000
Cost per pad: $2,000
Building Class: C
Location Class: C
Investment Benefits

NOI $24,750

17.6% CCR

5 year ROI – 31.2%

Income Producing Property

Large Equity

Room to add Trailers

Even more possible value plays!

Opportunity: HUGE EQUITY!!! Excellent opportunity for an
investor to get on board with a stable property with possible
value added by reducing expenses or increasing rents
Unit Mix

Type
# of Units
Trailer owned
15
Lots Rented
30
Lots Vacant
50


Number of Units: 95
Style: Land
Construction: Mobile Homes
Current Occupancy: 33%
Market Cap Rate: 8.5%
Pro Forma Cap Rate: 11.8%
Unit Income

Type

# of Units
Actual Rent
Lots Rented
30
$125

Trailer own
15
--
Lots Vacant
50
--


Subject Property Rent:
Actual rents are provided in the Rent Roll.
Income Pro-Forma
Yearly Potential Income


$45,000
Less Vacancy (10%) (4,500)
Less Expenses (35%) (15,750)
Net Operating Income $24,75
Call Jennifer at 850.684.4414

CONTACT LISTING OWNER

Get direct access to the seller

Save as Favorite
Write a Note

Ask the Seller

Questions on 1719 S Ohio St, Pine Bluff AR

Waiting for the seller to respond your question.

This form is for general questions only. Asking for personal information is not allowed.

Nearby Deals

Some random deals around the area (20)

Hundreds of properties in Arkansas! Check Deals in Arkansas