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2117 Highway 412 W
Siloam Springs, AR 72761

$925,000 USD

Manufactured Housing Mobile Home Park For Sale  •  10,000 SF

Property Details

  • Property Type Manufactured Housing Mobile Home Park
  • Total Building Size 10,000 SF
  • Year Built 1970
  • Cap Rate 9.00 %
0 Transit Score
39 Walk Score

Description

Established mobile home park in the heart of Siloam Springs. Located just east of Cherokee Casino at West Siloam Springs, this property has over 200 feet of Highway 412 frontage where there are 28,000 vehicles per day that pass by. This mobile home park is 2.27 acres that has 31 mobile home slips that have individualized water, electric, sewer, and gas hookups. This park has a lot of value add potential, with only being 50% occupied. All trailers are park owned, and will covey with the sale of the property. The 2.27 acres is zoned C-2 and MH for manufactured homes. This property could be a great investment to continue as a mobile home park or a future commercial/multi family development.

Financial Summary (Actual)

Net Operating Income: $62,270 USD (2023)
Cap Rate: 9.00 %
Total Expenses: $23,000 USD

Public Transportation

AirportDriveWalkDistance
Northwest Arkansas Ntl 45 min - 24.1 mi
Ben Anderson 479-756-1003 Weichert Realtors - The Griffin Company Springdale
Ben Anderson 479-756-1003 Weichert Realtors - The Griffin Company Springdale