Twin Pines MH & RV Park
RV & Mobile Home ParkWhite Hall, Jefferson County, Arkansas
Listing Details
- Asking Price
- $850K
- Acreage
- 11 acres
- City
- White Hall
- County
- Jefferson County
- State
- Arkansas
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About Twin Pines MH & RV Park
To download the financials please click on See OM or Due Diligence, sign the confidentiality agreement, and you will have immediate access to the financials. If any questions or concerns please contact Nick McMillan Nick@mhpvalue.com
Twin Pines Mobile Home & RV Park is a mixed-use manufactured housing and RV community located in White Hall, Arkansas. Situated on approximately 11 acres with 82 total sites. The property consists of
mobile home lots, RV pads, and a vacant single-family residence. The property is offered well below
estimated infrastructure and replacement costs at approximately $10,366 per site, providing
significant upside through mobile home infill and RV lease-up.
The acquisition features favorable financing with only $150,000 cash required at closing. The buyer will assume an existing $193,309 note at 5.0% interest, with approximately 7.92 years remaining on the
amortization schedule and a 3-year balloon. Payments are approximately $2,468 per month. The seller
will finance the remaining $506,691 at 5.0% interest-only with a 3-year balloon and payments of
approximately $2,111 per month. Combined monthly debt service is approximately $4,579.
The business plan focuses on infilling vacant mobile home sites and increasing RV occupancy.
Underwriting assumes 5% annual MH rent growth and RV occupancy increasing approximately 25%
annually before stabilizing at 85% year-round by Year 3. The model conservatively includes $100,000
in miscellaneous CapEx and repairs, $74,250 for vacant RV site preparation, and a $10,000 cost/loss
assumption per infilled MH site. Based on these assumptions and a 10% exit cap rate, the investment
projects a 25%+ IRR.
The Pine Bluff market benefits from highway access toward Little Rock and demand from travel workers supporting construction and development throughout the surrounding area. Pine Bluff has also experienced a significant decrease in crime over the past year compared with prior years.
The City of Pine Bluff has been favorable toward either maintaining the existing community or
converting it entirely to RV use. With demand for quality affordable housing and transient RV space,
the property offers multiple paths for growth.
With a $10,366 per-site basis, only $150,000 required at closing, assumable debt, seller financing, and
substantial infill and occupancy upside, Twin Pines presents a compelling value-add MH & RV
investment opportunity.
Frequently Asked Questions
How much does Twin Pines MH & RV Park cost?
Twin Pines MH & RV Park is listed at $850K. Request full financials through Parkvestor for a direct introduction to the listing broker.
How large is Twin Pines MH & RV Park?
Twin Pines MH & RV Park sits on approximately 11 acres in White Hall, Arkansas.
What type of property is Twin Pines MH & RV Park?
Twin Pines MH & RV Park is a mixed-use park with both RV and mobile home spaces located in White Hall, Arkansas, currently listed for sale.
Where is Twin Pines MH & RV Park located?
Twin Pines MH & RV Park is located in White Hall, Arkansas. Browse more parks for sale in Arkansas on Parkvestor.
How do I get more information about Twin Pines MH & RV Park?
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