$875,000
$375K PRICE DROP

8761 Highway 282 Alma, AR 72921

Estimated payment $4,723/month

Total Views 45,397
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Window Unit Cooling System
  • Shops
  • Partially Fenced Property
  • Alma High School Rated 9+
  • Central Heating and Cooling System
  • Level Lot

About This Home

Unique highly profitable mobile home park. Not your typical mobile home park in that homes are in a park like sitting on 6.97 acres. Sale includes the 19 (plus 2 storage units) mobile homes along with the 6.97 acres. Excellent Cap Rate: 11.07 ! There are 19 mobiles rented plus 2 mobiles used for storage. Walking distance to a convenience/gas Store.

Listing Agent

Bob Downum

The Griffin Company Commercial Division-Springdale Brokerage Phone: 479-756-1003 License #EB49480-D01 Listed on: 04/19/2024

The Griffin Company Commercial Division-Springdale

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,500

Year Built

  • Built in 1978

Lot Details

  • 6.98 Acre Lot
  • Partially Fenced Property
  • Wire Fence
  • Level Lot
  • Cleared Lot

Home Design

  • Shingle Roof
  • Asphalt Roof
  • Metal Roof
  • Aluminum Siding

Interior Spaces

  • 1-Story Property
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Vinyl

Location

  • Outside City Limits

Utilities

  • Window Unit Cooling System
  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

Overview

  • 19 Units
  • 07 10 30 Subdivision

Amenities

  • Shops

Building Details

  • Operating Expense $29,400
  • Gross Income $167,820
  • Net Operating Income $138,420

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,500

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 6.98
  • Road Frontage Type: Public Road
  • Subdivision Name: 07-10-30
  • Directions: From Fayetteville take I-49 South to Hwy 282 exit (Rudy), go East and stay on 282 (North), property on West side. (Near US Hwy 71).
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Age Unknown
  • Year Built: 1978
  • Property Sub Type Additional: Multi Family
  • Attribution Contact: 479-756-1003
  • Special Features: VirtualTour
  • Stories: 1
  • Year Built: 1978

Interior Features

  • Appliances: Electric Water Heater, Gas Water Heater
  • Basement YN: No
  • Flooring: Carpet, Tile, Vinyl

Exterior Features

  • Fencing: Partial, Wire
  • Lot Features: Central Business District, Cleared, Level, Outside City Limits
  • Disclosures: Sellers Disclosure Not Available
  • Construction Type: Aluminum Siding
  • Exterior Features: Unpaved Driveway
  • Foundation Details: Skirt
  • Roof: Asphalt, Metal, Shingle

Garage/Parking

  • Parking Features: Two Spaces

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Central Air, Electric, Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Shopping
  • Association #2 Fee Frequency: Monthly

Multi Family

  • Number Of Units In Community: 19
  • Number Of Units Total: 19
  • Annual Gross Income: 167820.0
  • Property Net Operating Income: 138420.0
  • Annual Operating Expense: 29400.0

Tax Info

  • Tax Annual Amount: 1500.0
  • Tax Block: n/a
  • Tax Lot: n/a

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/24/2025 09/24/25 For Sale $875,000 0.0% --
09/23/2025 09/23/25 Off Market $875,000 -- --
07/22/2025 07/22/25 For Sale $875,000 0.0% --
07/17/2025 07/17/25 Pending -- -- --
04/25/2025 04/25/25 Price Changed $875,000 -20.5% --
11/25/2024 11/25/24 Price Changed $1,100,000 -12.0% --
10/22/2024 10/22/24 For Sale $1,250,000 0.0% --
09/23/2024 09/23/24 Pending -- -- --
09/18/2024 09/18/24 Off Market $1,250,000 -- --
04/19/2024 04/19/24 For Sale $1,250,000 +624.6% --
01/31/2014 01/31/14 Sold $172,500 -4.1% $11 / Sq Ft View Prior Sale
01/01/2014 01/01/14 Pending -- -- --
08/28/2013 08/28/13 For Sale $179,900 -- $11 / Sq Ft
Source: Northwest Arkansas Board of REALTORS®

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1272950

Northwest Arkansas Board of REALTORS®