198 Oak Forrest Road, Searcy, AR

$1,280,000

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653,400

Square feet

15.00

Acres

About 198 Oak Forrest Road

Adkins & Associates is pleased to present an amazing opportunity to acquire Oak Forrest mobile home community.  This park sits on 15 acres of land and has 23 park owned homes.  Currently, 22 homes are occupied and one home is ready to be renovated providing investors with the opportunity to add value. This park has maintained a 96% occupancy rate and has a waiting list of potential lessees. This community is great for any investor looking for instant cash flow as well as the potential for growth and future development. This could be a unique addition to one’s real estate investment portfolio or 1031 Exchange.

Features of 198 Oak Forrest Road

MLS® # 24017008
Price $1,280,000
Square Footage 653,400
Acres 15.00
Year Built 2001
Type Commercial
Sub-Type Mobile Home Park
Style Other (see remarks)
Status Active

Community Information

Address 198 Oak Forrest Road
Area Searcy
Subdivision Mobile Home Park
City Searcy
County White
State AR
Zip Code 72143

Amenities

Utilities Septic, Water-Public, Electric-Municipal, Other (see remarks)
Parking Spaces 46

Interior

Interior Features Smoke Detector, Kitchen Area, Living Area
Heating Other (see remarks)
Cooling Other (see remarks)
# of Stories 1

Exterior

Exterior Features Dumpster, Other (see remarks)
Lot Description Level, Not in Subdivision
Roof Other (see remarks)
Foundation Other (see remarks)

Additional Information

Date Listed May 9th, 2024
Days on Market 69
Foreclosure No
Short Sale No
HOA Fees 0.00

Listing Details

AgentClinton Mcdonald
OfficeAdkins & Associates Real Estate

Listing Map

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