1000 Madison StClarendon, AR 72029

Property Details for 1000 Madison St

Lot size

2.80 AC

Property type

Mobile home & RV parks

Description

This exceptional value-add investment opportunity presents the Cache Court Mobile Home Park, located at 1000 Madison St, Clarendon, AR 72029. Situated on a 2.8-acre lot in Monroe County, this property boasts 37 units and 36 pads within a single building. Currently operating at 46% occupancy, the park generates a Net Operating Income (NOI) of $79,386, yielding a compelling 9.92% capitalization rate. The asking price is $800,000, translating to approximately $22,222.22 per pad. The park's location in Clarendon, Arkansas, offers a unique advantage, appealing to outdoor enthusiasts, particularly hunters, who frequently seek long-term or seasonal RV pad rentals or mobile home placements. This presents a significant opportunity to increase occupancy and cash flow by targeting this specific demographic and potentially expanding the park's capacity. The existing infrastructure provides a solid foundation for immediate income generation and future growth, making this a highly attractive investment for those seeking a strong return in a desirable location. The property's current performance, combined with its untapped potential, makes it an ideal choice for investors looking to capitalize on the growing demand for mobile home park rentals in this area.

Location Insight

City

Clarendon

County

Monroe

State

Arkansas

Latitude

34.6928

Longitude

-91.3019

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