7158 Highway 126 N
Midway, AR 72651

30 pad mobile home park in beautiful Midway, Arkansas, for sale. Area is known for recreational attractions, including the beautiful Ozark Mountains, White River and Bull Shoals River. Property is approximately 13 acres and currently has the following home breakdown: - 26 park-owned homes - 4 tenant-owned homes - freestanding 5 apartment complex, single story - approximate 1800 square foot laundry facility, fully equipped Owner/manager is retiring and ready to sell this park. Rents have been steady for many years and below current market rates. Lot rents are only $125 and rental homes range from $300-$350. Manager currently lives on site (Unit #31) so additional rental income could be realized from this newer 3 bedroom/2 bath property. There are about 4 homes that park owner estimates needs work or replacement with newer homes. The laundry facility is both coin-operated and operated by attendants for drop-off service. Several local companies use this laundromat for drop-off service. Total average monthly laundromat income is approximately $4694/month. Coin only laundry service is estimated at approximately $2500/month. Owner's responsibilities are taxes, water, trash, maintenance on homes and laundry equipment. Park is offered at $579,000. Attached financials are shown both using the laundry facility income and excluding laundry income.