198 Oak Forrest Road Searcy, AR $ 1,480,000
198 Oak Forrest Road
$ 1,480,000
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198 Oak Forrest Road

Searcy, AR, 72143
$ 1,480,000
Baths0.0 Sq 653,400

Monthly Estimate*

$ 9,837

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Studio

Commercial Property for sale in Searcy, AR

for $1,480,000. This 653,400 square foot building was built in 2001 on a lot size of 15.

Adkins & Associates is pleased to present an amazing opportunity to acquire Oak Forrest mobile home community.  This park sits on 15 acres of land and has 23 park owned homes.  Currently, 22 homes are occupied and one home is ready to be renovated providing investors with the opportunity to add value. This park has maintained a 96% occupancy rate and has a waiting list of potential lessees. This community is great for any investor looking for instant cash flow as well as the potential for growth and future development. This could be a unique addition to one’s real estate investment portfolio or 1031 Exchange.

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Commercial Active

Price

$ 1,480,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 4,015

Style

Lot Size

15

Year Built

2001

Town/City

Searcy

County/Region

White

MLS | Web ID

24017008

Features
General
Interior Features Smoke Detector Kitchen Area Living Area
Heating Other (see remarks)
Utilities Septic Water-Public Electric-Municipal Other (see remarks)
Roof Other (see remarks)
Exterior Features Dumpster Other (see remarks)
Year Built 2001
Parking 26 or More Gravel
Tenant Pays All Utilities
Subdivision Mobile Home Park AR
Style Other (see remarks)
Stories One Story
County White
Class Commercial / Industrial
Type Mobile Home Park
Business Type Mobile Home Park
Business Name Haynie Drive LLC
Tax Year 2023
Inside City Limits Yes
Status Active
Docs on File Boundary Survey Other (see remarks)
Warranty As-Is Prsnt Cnd at Clsng
Energy Features Other (see remarks)
Primary City Searcy
Directions From Searcy head North on HWY 16 turn left on Oak Forrest Rd property begins approx. 1/2 mile on the right. No signs on the property indicating location. Three roads on property are Clinton McIntosh
City Searcy
Street Name Oak Forrest
DOM 28
Postal Code 72143
Price Per Sq Ft Total AG 2.27
Coming Soon Adkins & Associates is pleased to present an amazing opportunity to acquire Oak Forrest mobile home community.  This park sits on 15 acres of land and has 23 park owned homes.  Currently 22 homes a
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Exterior
Exterior Metal/Vinyl Siding
Road Surface Gravel
Foundation Other (see remarks)
Lot Size Area 15
Lot Dimensions 15 Acres
Lot Level Not in Subdivision
Parking 46
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Interior
Floors Other (see remarks)
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* Excluded Features
List By
Clinton McDonald

Listing Agent

Adkins & Associates Real Estate

Broker

clintmyles69@gmail.com

Email

Affordability Calculator

$10,171
Per Month
97%
3%
0%
Monthly Principal & Interest
$9,837
Monthly Property Taxes
$335
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
886427 Elementary School
886671 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/16/2024$1,480,000 Listed Price

Map


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198 Oak Forrest Road, Searcy, AR, 72143 is a Commercial Property for sale at $1,480,000 with 653,400 sqft and a lot size of 15. 198 Oak Forrest Road is a studio with 0.0 baths and was built in 2001. The property's zip code is 72143 which is in Searcy, AR