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- LoopNet Team
1124 Wilds Rd
Jacksonville, AR 72076
Pinewood Estates Mobile Home Park · Multifamily Property For Sale
·
20,000 SF
INVESTMENT HIGHLIGHTS
- All Utilities Direct Billed to Tenant (w/s/t/e/g)
- 20 miles from Little Rock Arkansas, and only 3 miles from Little Rock Air Force Base
- Opportunity to increase occupancy and stabilize with great upside
- At least 6 spaces immediately ready for new homes
PROPERTY FACTS
| No. Units | 38 | Lot Size | 4.75 AC |
| Property Type | Multifamily | Building Size | 20,000 SF |
| Property Subtype | Manufactured Housing/Mobile Home | Average Occupancy | 47% |
| Apartment Style | Garden | No. Stories | 1 |
| Building Class | C | Year Built | 1950 |
| Zoning | Commercial | ||
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.75 AC |
| Building Size | 20,000 SF |
| Average Occupancy | 47% |
| No. Stories | 1 |
| Year Built | 1950 |
| Zoning | Commercial |
ABOUT 1124 WILDS RD , JACKSONVILLE, AR 72076
Pinewood Estates consists of 38 total lots, which if shuffled around may have room for 40, each home has ALL UTILITIES DIRECT BILLED TO TENANT (w/s/t/e/g). At least 6 spaces immediately ready for new homes; all lots have sewer in place, and ability to add water meters. Electric may not be available at all vacant spaces. Currently only 18 spaces are occupied, two out of three streets have had their plumbing replaced with full PVC, while only one remains with 400 ft of Orangeburg Pipe, which is in working order, and has been regularly maintained and repaired. Currently 4 tenants are on a Rent Credit Program, allowing the tenants to apply their rents toward purchasing their homes. With attention from a focused operator, this property has significant upside, as it's expenses are low to operate, and occupancy rents could be increased to stabilize and reposition the asset for a mid-term hold, and resell, or would make for a great asset for a long term investment! **Contact ELAN for Additional Info**
PROPERTY TAXES
| Parcel Number | 12J-010-00-076-01 | Improvements Assessment | $5,417 |
| Land Assessment | $43,299 | Total Assessment | $48,716 |
PROPERTY TAXES
