7918 Us-70North Little Rock, AR 72117

Property Details for 7918 Us-70

Property type

Mobile home & RV parks

Property subtype

Campgrounds

Description

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.

Location Insight

City

North Little Rock

County

Pulaski

State

Arkansas

Latitude

34.7688

Longitude

-92.1753

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].