The Pines MHP — Sale in Monticello, AR

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Monticello, AR 71655

Photos

The Pines MHP — Sale in Monticello, AR, photo 1 of 2
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Investment Figures

Cap rate
11.36%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present The Pines MHP, a 31-space manufactured housing community located at 426 S Pine St #2, Monticello, AR 71655. Situated in Monticello, Arkansas, the property provides convenient access to surrounding communities throughout southeast Arkansas, including Pine Bluff, McGehee, Warren, Hamburg, and Lake Village. Monticello's established infrastructure, regional amenities, and affordable housing environment provide a convenient setting for residents while maintaining the characteristics of a smaller Arkansas community. The Pines MHP is being offered at $575,000 at an 11.36 percent capitalization rate with an estimated net operating income of $65,343. The park consists of 18 park-owned homes. Historically, the park has operated at approximately 50 percent occupancy, with all tenants currently on month-to-month leases. Monthly rents average $600, significantly below the local market range of approximately $700 to $750, providing investors with an opportunity to increase revenue through lease-up and rental rate adjustments. The Pines MHP is serviced by Monticello Utilities for water and sewer. Electric service is separately metered and paid directly by the tenants, along with trash and cable TV. The park is managed by an experienced on-site manager who is willing to remain following a sale. With significant value-add potential, rental-rate upside, and an experienced manager in place, The Pines MHP presents an opportunity for investors seeking to enhance operations and create long-term value. Please do not visit the property without prior approval. All property tours must be arranged through Marcus & Millichap listing agents. Investment Highlights: • 31 Space Manufactured Home Community • City Water and Sewer • Majority Park Owned Homes • Infill and Value-Add Opportunity

Market Context

This multifamily in Monticello, AR is listed for sale. It is offered at an approximate 11.4% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Monticello, AR — view the full market.

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