503 N Third St

<p><span style="color: rgba(29, 118, 219, 1)">Compelling opportunity to acquire a three–mobile home park portfolio in Arkansas totaling 73 rentable lots, offered as a package sale for immediate scale and operational efficiency.​ This cash-flowing portfolio is positioned in markets with strong demand for affordable housing, a sector that continues to outperform across economic cycles.​</span></p><p><span style="color: rgba(29, 118, 219, 1)">The parks feature established infrastructure, individually metered lots, and a stable tenant base, providing in-place income with clear value-add upside through rent optimization, infill, and improved management practices.​ Portfolio ownership allows for centralized operations, lower per-unit expenses, and accelerated NOI growth.​</span></p><p><span style="color: rgba(29, 118, 219, 1)">Arkansas remains an attractive investment market due to favorable landlord regulations, population stability, and limited new supply of mobile home communities.​ These parks benefit from consistent occupancy and durable demand driven by workforce housing needs.​</span></p><p><span style="color: rgba(29, 118, 219, 1)">Ideal for experienced investors seeking a scalable entry or expansion in the mobile home park sector.​ Immediate cash flow with long-term appreciation potential in a supply-constrained asset class.​ Financials and supporting documentation available upon request.​</span></p>

<p>Lamplighter Village is a 74-unit mixed-use manufactured housing and RV community located in the Little Rock MSA, situated on approximately 6.5 acres.​ The property has a diversified unit mix that includes lot renters, rent-to-own homes, park-owned homes, and apartments.​ Giving a buyer multiple ways to increase income through rehab, lease-up, and infill.​ The sellers are also offering seller financing in 2nd position.​</p><p></p><p>Current occupancy consists of 5 lot renters paying an average of $470/month, 25 rent-to-own homes at $425/month lot rent plus $303/month home payments, 2 park-owned homes at $425/month lot rent plus $350/month home payments, 2 occupied apartments at $650/month, an on-site manager is already in place.​</p><p></p><p>The property has significant vacancy and upside.​ There are 12 vacant park-owned homes (6 need to be demolished and 6 require moderate to heavy rehab), 3 vacant apartments needing rehab, with 25 vacant lots with infrastructure already in place.​ Keep in mind 14 lots are smaller lots than can only accommodate smaller park model homes.​</p><p></p><p>Utilities are city water and sewer, sub-metered and billed back to the tenants.​ The value-add plan is straightforward: demolish unusable units, rehab the remaining homes and apartments, lease up existing vacancies, and infill vacant MH to grow cash flow.​</p><p></p><p>Seller financing is available.​ Ownership is willing to carry up to $950,000 in second-position financing at 6% interest, interest-only, for a 3-year term, with a personal guarantee.​ Assuming a buyer obtains $1,300,000 in bank financing on the land and uses the seller’s second-position note, the property can be acquired with approximately $390,000 cash out of pocket.​</p><p></p><p>Lamplighter Village offers a clear value-add opportunity in a major metro with built-in management, flexible financing, and multiple paths to increase NOI.​</p>

<p>PROPERTY HIGHLIGHTS</p><ul><li>​Add Value By Raising Rents to Market Level, Infilling Vacant Sites, and RTO Current POHs</li><li>​City Water & Sewer</li><li>​Strong Student & Workforce Housing Market</li><li>​Homes in Good Condition and Well Kept</li><li>​Renters Versus Home Owners in Monticello: 54% : 46%</li><li>​Pro Forma Annual Gross $307,872 By Raising Rents To Mkt Level</li><li>​Pro Forma Annual Gross $405,648 By POH Infill & Raising Rents to Mkt Level</li></ul>

<p>Buffalo River MHC presents a textbook value-add opportunity: a 41-pad community in Mountain Home, Arkansas — the retail and healthcare hub of a 250,000-resident lake region — with 29 of 29 occupied pads currently paying $375 lot rent against a $475+ market and 12 vacant pads ready for infill at 3 homes per year through Year 4.​ Water, sewer, and trash are billed back to tenants on a metered RUBS structure (modeled at 80% recapture in pro forma).​</p>

<p>Multifamily Property Advisors is pleased to present the exclusive opportunity to acquire Rock Estates Mobile Home Park, a 33-site manufactured housing community strategically located along East Washington Street in North Little Rock, Arkansas — the dynamic north shore of the Little Rock-North Little Rock-Conway MSA.​</p><p></p><p>The Property offers an exceptional value-add opportunity for an incoming operator.​ With 19 of 33 sites currently occupied and homes renting at $325–$375/month, a new owner can capture meaningful upside by (1) infilling the 14 vacant sites, (2) marking rents to a market-supported $425+ per month, and (3) maintaining the Community's highly efficient direct-bill utility structure.​</p><p>Critically, the Community is direct billed for city water and sewer — eliminating the single largest operating expense and reimbursement headache faced by most park owners.​ The Property's flat topography, paved interior road, and city-served infrastructure offer turnkey operational simplicity rarely found at this price point.​</p><p></p><p>At an asking price of $1,089,000 ($33,000 per site), the Property is priced well below replacement cost and below comparable manufactured housing transactions in the Central Arkansas market.​</p>

<p>An established income-producing asset in Rogers<a href="https://www.masoncapitalgroup.com/discover-northwest-arkansas/discover-rogers-arkansas" target="_blank" style="color: rgba(17, 85, 204, 1)">, Arkansa</a>s, this 14-pad mobile home community operates on a land-lease model — tenants own their units, keeping turnover low and maintenance costs minimal for the owner.​ Eleven pads are currently occupied by long-term tenants of two to ten years at $600 per month, generating $6,600 in monthly pad rent.​ A metal building on site, separately owned, is leased to a local church at $1,800 per month — bringing total current income to $8,400 monthly, or $100,800 annually.​ Three vacant pads represent immediate upside, and a utility billing opportunity awaits: the park was previously individually metered, and the seller may assist with meter installation post-close.​ Additional details, photos, and offering materials are available on the 3300<a href="https://www.masoncapitalgroup.com/property-listings/featured-listings/3300-blue-hill-road-rogers-ar" target="_blank" style="color: rgba(17, 85, 204, 1)"> Blue Hill Road listing page</a> from <a href="https://www.masoncapitalgroup.com/" target="_blank" style="color: rgba(17, 85, 204, 1)">Mason Capital Group,</a> Northwest Arkansas' portfolio-management real estate firm — 479-925-3333.​</p><p></p><p>To see more on this property visit our listing page <a href="https://www.masoncapitalgroup.com/property-listings/featured-listings/3300-blue-hill-road-rogers-ar" target="_blank" style="color: rgba(17, 85, 204, 1)">3300 Blue Hill - MHP - Rogers - Arkansas</a></p>