Mobile Home Park | 2117 Highway 412 W
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Mobile Home Park 2117 Highway 412 W
15 Unit Mobile Home Park $1,315,350 CAD ($87,690 CAD/Unit) 9% Cap Rate Siloam Springs, AR 72761
Executive Summary
Established mobile home park in the heart of Siloam Springs. Located just east of Cherokee Casino at West Siloam Springs, this property has over 200 feet of Highway 412 frontage where there are 28,000 vehicles per day that pass by. This mobile home park is 2.27 acres that has 31 mobile home slips that have individualized water, electric, sewer, and gas hookups. This park has a lot of value add potential, with only being 50% occupied. All trailers are park owned, and will covey with the sale of the property. The 2.27 acres is zoned C-2 and MH for manufactured homes. This property could be a great investment to continue as a mobile home park or a future commercial/multi family development.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$121,254
|
$12.13
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$121,254
|
$12.13
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$32,706
|
$3.27
|
| Net Operating Income |
$88,548
|
$8.85
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $121,254 |
| Annual Per SF | $12.13 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $121,254 |
| Annual Per SF | $12.13 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $32,706 |
| Annual Per SF | $3.27 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $88,548 |
| Annual Per SF | $8.85 |
Property Facts
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PROPERTY TAXES
| Parcel Number | 03-02046-000 | Improvements Assessment | $13,357 CAD (2024) |
| Land Assessment | $131,219 CAD (2024) | Total Assessment | $144,576 CAD (2024) |
PROPERTY TAXES
Parcel Number
03-02046-000
Land Assessment
$131,219 CAD (2024)
Improvements Assessment
$13,357 CAD (2024)
Total Assessment
$144,576 CAD (2024)
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Mobile Home Park | 2117 Highway 412 W
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