3507 E Washington Ave 33 Unit Mobile Home Park $1,497,331 CAD ($45,374 CAD/Unit) North Little Rock, AR 72114

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.
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.
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.
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.
Investment highlights
33 total sites with only 19 currently occupied — incoming ownership can drive NOI growth by adding 5 homes per year until full stabilization in Year 3.
Current lot rents of $325–$375 sit meaningfully below the $425+ supported by comparable Central Arkansas MHC communities.
Directly billed by the City of North Little Rock for water and sewer — eliminating the single largest operating burden for park owners.
Positioned in the Little Rock–North Little Rock–Conway MSA (750,000+ residents) — Arkansas's economic, governmental, and healthcare hub.
Demand supported by Little Rock Air Force Base (Arkansas's 6th-largest employer at $1.38B impact), CHI St. Vincent, Baptist Health, and the Port of Little Rock.
Predominantly tenant-owned homes (18 of 19 occupied) means low capex burden — operator collects lot rent only.
At $33,000 per site, offered well below the $50,000–$75,000 per-site replacement cost for new MHC development in Arkansas.
Predominantly 2BR/2BA homes, paved interior road, established infrastructure — turnkey profile ideal for an owner-operator.