1201 Arkansas 161

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1201 Arkansas 161

Jacksonville, AR 72076
Asking Price
$2.25M
Cap Rate
7.88%
Asset Type
Mobile-home-park
Class
Class B

What's Special

74 Unit Mobile Home Park Offering 2nd Position Seller Financing. City Water and Sewer <ul><li>​Seller Financing Available: Up to $950K in 2nd position at 6% interest, interest-only, 3-year term; buy with ~$390K cash when paired with bank financing. </li><li>​74-Unit Value-Add Asset: Mixed-use MH, RTO homes, and apartments sites in a single community. </li><li>​Heavy Vacancy & Infill Upside: Vacant POHs, apartments, and MH lots provide clear NOI growth. </li><li>​Major MSA + On-Site Manager: Located in the **Little Rock MSA with management in place for immediate execution. <span s

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NOI
$80,000
Cap Rate
3.56%
DSCR
0.60
Underwater
Cash-on-Cash
-7.94%
Monthly Payment
$11,131.772
Annual Cash Flow
$-53,581.268

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