Nashville MHP Estates 121 S Pine St Immeuble residentiel 32 lots 798 247 € (24 945 €/Lot) Taux de capitalisation 12,09 % Nashville, AR 71852

Nashville MHP Estates is a stabilized 32-pad mobile home park portfolio located in Nashville, AR (28 pads) and Mineral Springs, AR (4 pads). The two parks are six miles apart and sit on a combined 6.68 acres. Both parks are zoned MHP and situated outside any flood zone. The current owners have held the property for seven months; it is an outlier within their larger portfolio. A manager and maintenance person are in place.
Nashville and Mineral Springs are established communities in southwest Arkansas, approximately 45 miles northeast of Texarkana. Both parks are easily accessible and positioned within quiet residential settings.
(Infrastructure & Utilities)
•City water and city sewer serve both parks.
•Each pad has separately metered gas, electric, and water.
•Tenants pay directly for utilities and their own garbage service.
•Roads through the parks are paved and maintained by ownership.
•Pipes are believed to be PVC.
•Off-street parking is available for all tenants.
(Occupancy & Homes)
•32 pads total — all occupied by mobile homes.
•28 park-owned homes (POH), 4 tenant-owned homes (TOH).
•4 POH units are currently vacant and undergoing turnover.
•POH rents average $500/month; TOH rents average $250/month.
•Titles are held for most park-owned homes; others conveyed via bill of sale.
•No trailers held for back taxes.
•All tenants are current on rent and on month-to-month leases.
•Rent is collected through Rent Manager software.
•No vacant pads.
•The park manages all mowing and the roads throughout the park.
(Recent capital improvements)
•Exterior paint on 24 trailers.
•Roof sealant applied to 23 trailers.
•Skirting repairs on 4 trailers.
•4 new electrical meter loops and poles installed.
•Complete flooring replacement in 4 trailers.
•Kitchen floor repair in Unit 17.
•New water heater in Unit 6.
•Door replacements in 2 units.
•Full remodel of Unit 8.
•General park-wide cleanup.
No assumable note or seller financing available.
MR. LANDMAN, LLC is a licensed real estate entity in the State of Arkansas under Lic#PB00090772. Jonathan Fisher is a primary broker in the State of Arkansas under Lic#PB00090772.
Location:
Nashville is a city in Howard County, Arkansas, United States. The estimated population in 2018 was 4,425. The city is the county seat of Howard County. Nashville is situated at the base of the Ouachita foothills and was once a major center of the peach trade in southwest Arkansas. Today the land is mostly given over to cattle and chicken farming. The world's largest dinosaur trackway was discovered near the town in 1983.
The median home cost in Nashville is $143,200. Home appreciation the last 10 years has been 68.4%. Home Appreciation in Nashville is up 17.9%.
Renters make up 41.7% of the Nashville population.
The average 1-bedroom unit rents for $630/month.
The average 2-bedroom unit rents for $800/month.
The average 3-bedroom unit rents for $980/month.
The average 4-bedroom unit rents for $1070/month.
Nashville has an unemployment rate of 3.7%. The US average is 6.0%.
Nashville has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 23.6%, which is lower than the US average of 33.5%.
The Median household income of a Nashville resident is $34,211 a year. The US average is $69,021 a year.
Nashville, AR enjoys a humid subtropical climate with long, hot and humid summers and short, mild winters. The average high temperature during the summer months is in the upper 80s to low 90s Fahrenheit, while winter highs typically range from the mid-40s to mid-50s Fahrenheit. The area receives an average of 49 inches of precipitation per year.
Nashville violent crime is 13.0. (The US average is 22.7)
Nashville property crime is 61.5. (The US average is 35.4)
Howard County is a county located in the U.S. state of Arkansas. As of the 2020 census, the population was 12,785. The county seat is Nashville. Howard County is Arkansas's 74th county, formed on April 17, 1873, and named for James Howard, a state senator. It is a dry county.