For Sale
$1,750,000

7918 Us-70 North Little Rock, AR 72117

Thriving RV park, high NOI, turnkey operation.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a stabilized, Class C multifamily property operating as a successful RV park in North Little Rock, Arkansas. The park boasts 60 RV rental pads, each equipped with full utilities, and enjoys a consistently high occupancy rate, averaging 90% monthly. A complete remodel was undertaken in 2021, enhancing the park's appeal and functionality. The property includes three buildings, one of which serves as on-site management housing with a current one-year lease in place. The park's prime location on US-70 in Pulaski County provides convenient access to major transportation routes. Full bathrooms and showers are available for park guests. The property's strong financial performance is evident in its impressive $158,162 Net Operating Income (NOI) and a 9.04% capitalization rate, with projections indicating a 10% growth pattern for 2023. The current on-site management is available to continue operations if desired. Furthermore, the property offers potential for expansion with available space for additional drive-through sites. This turnkey operation presents a rare opportunity to acquire a high-performing, established business with significant upside potential. The asking price is $1,750,000. The property is located at 7918 US-70, North Little Rock, AR 72117.

Highlights

  • Stabilized Class C multifamily property (RV park) in North Little Rock, AR, with 60 RV pads and 90% average occupancy.
  • 2021 complete remodel.
  • Includes on-site management housing (currently leased).
  • Prime US-70 location in Pulaski County.
  • $158,162 NOI and 9.04% cap rate, projecting 10% growth in 2023.
  • $1,750,000 asking price, located at 7918 US-70, North Little Rock, AR 72117.

Property Details for 7918 Us-70

Property type
Mobile home & RV parks, Campgrounds
Class
C
Year Renovated
2021
Buildings
3

Location Insight

City
North Little Rock
County
Pulaski
State
Arkansas
Latitude
34.7688095
Longitude
-92.1753212

FAQs

What type of property is this?
Mobile home & RV park - Thriving RV park, high NOI, turnkey operation.
Where is the mobile home & rv park located?
The property is located at 7918 Us-70 North Little Rock, AR.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Stabilized Class C multifamily property (RV park) in North Little Rock, AR, with 60 RV pads and 90% average occupancy.; 2021 complete remodel.; Includes on-site management housing (currently leased).
How can I contact the broker?
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7918 Us-70
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