SOLD Pinewood Apartments, Mobile Home Park and RV Park AUCTION

(5) Apartments, Duplex, Laundromat, Mobile Home Lots and RV Spaces, Home/Office


Pinewood Apartments, Mobile Home Park and RV Park 

PUBLIC AUCTION

Tuesday, OCT. 27 at 12 Noon

22769 Hwy. 67 Malvern, “Perla” AR. 72104

CLICK ON DETAILS >>>> DOCUMENTS TAB  for Financials, Tract Map, Property Details, Information Packet.

ONLINE BIDDING ONLY
Began: 10/16/20 at 10:00 AM CDT
Ended: 10/27/20 at 3:00 PM CDT
LIVE ON-SITE AUCTION
Began: 10/27/20 at 12:00 PM CDT
Ended: 10/27/20 at 1:00 PM CDT
Location: 22769 Hwy. 67, Perla (Malvern), AR 72104
INSPECTION
Began: 10/25/20 at 1:00 PM CDT
Ended: 10/25/20 at 3:00 PM CDT
Location: 22769 Hwy. 67, Malvern “Perla”, AR 72104


Pinewood Apartments, Mobile Home and RV Park

PUBLIC AUCTION

Commercial Real Estate 

LIVE ON LOCATION and ONLINE BIDDING

Mr. and Mrs. Norquist are retiring, they have entrusted Fowler Auctioneers to Auction their prize Income Producing Property. This property has been their lively hood for approximately 40 years.

Tuesday, OCTOBER 27th, 2020 at 12 Noon

22767 Hwy. 67 Perla (Malvern), AR 72104

Click ON DOCUMENTS TAB

FINANCIAL STATEMENTS, TRACT MAP, PROPERTY DETAILS, INFORMATION PACKET 

(All information given orally or in writing was derived from sources believed to be correct, but is not guaranteed. )

Offering individual tracts, combinations and in it entirety  

 Apartments, Mobile Home and RV Park with great rental history. Located on HWY. 67 just outside Malvern (Perla) AR. Close to I-30 and 270… Office/3 Bedroom Home, Laundry Facility and Managers Housing on site along with Maintenance Building, Storm Shelter. City utilities, sub metered gas and electric for apartments and mobile homes. 5+/- Acres of vacant land adjacent to the park that will be offered separate. 2 vacant lots 5 & 6 in the Lowery Subdivision up on the hill east side of the yellow home that will be sold also.   

TRACT 1 ~ Apartments, Home, RV Park and Mobile Home Park

TRACT 2 ~ 5± Acres Raw Undeveloped Land joining Tract 1

TRACT 3 ~ 50×50 Residential / mobile Home/ RV Lot 5 Lowery Subdivision

TRACT 4 ~ 60×60 Residential / mobile Home/ RV Lot 6 Lowery Subdivision

Survey; If sold separately and survey needed, seller will order a new survey and will pay for half, buyer will pay for half.  

Also offering the 4 Mobile Homes with C/H & Air and titles or Bill of Sale which can stay with the park if needed if you Purchase the Mobile Home park, the units are currently occupied with good paying renters. If you purchase one of these mobile homes to relocate, the occupants will have 30 days to relocate the you will have an additional 30 days to move the mobile home / homes with a lot rent of $150 paid to new owner. Any negotiation of lot rental thereafter will between you and new owners.

The Mobile Homes will be offered separate if the Real Estate is confirmed by the seller.

(4) Park Owned Mobile Homes offering separate: 

Lot #8 = 14X60 Belmont, 2 Bedroom, 1 Bath with C/H & Air. Rents for $450.00 per month

Lot #9 = 16X55 Clayton, 2 Bedroom, 1 Bath with C/H & Air. Rents for $450.00 per month

Lot #10 Up behind office= 259 Lowery St., 16X60 Sunshine, 2 Bedroom, 2 Bath with C/H & Air. Rents for 550.00 per month

Lot #12= 111 Glen St., 16X60 Spirit, 2 Bedroom, 2 Bath with C/H & Air. Rents for $575.00 per month 

If you are high bidder property in its entirety, below is what you will be getting upon seller confirmation.    

Home/Office:

22767 Hwy. 67: 1800+/- SF 3 Bedroom, 2 Bath, 1 Car Garage plus Patio. Rents for $430.00 per month

(5) Apartments:

A)  256+/- SF Complete Remodel in 2018, Mini-Split Heat/AC Unit. Rents for $425.00 per month.

B) 608+/- SF Includes New Laminate Flooring Updated in 2019, New Metal Roof. 1 Bedroom, 1 Bath. Rents for $450.00 per month.

C) 480+/- SF Includes New Laminate Flooring Updated in 2019, (2) Mini-Split Heat/AC Units. Rents for $450.00 per month

D) 608+/- SF Includes New Laminate Flooring & Carpet Updated in 2014, New Metal Roof and New Wiring. Rents for $450.00 per month

E) 256+/- SF Partially Updated in 2018, Mini-Split Heat/AC Unit. Rents for $425.00 per month

 

(2) Duplex Apartments:

 512+/- SF, 1 Bedroom, 1 Bath with C/H & Air. Rents for $475.00 per month

 

Coin Operated Laundromat with 3 Washers and 3 Dryers

 

(4) Park Owned Mobile Homes: 

Lot #8 = 14X60 Belmont, 2 Bedroom, 1 Bath with C/H & Air. Rents for $450.00 per month

Lot #9 = 16X55 Clayton, 2 Bedroom, 1 Bath with C/H & Air. Rents for $450.00 per month

Lot #10 (Up behind office) = 259 Lowery St., 16X60 Sunshine, 2 Bedroom, 2 Bath with C/H & Air. Rents for 550.00 per month

Lot #12= 111 Glen St., 16X60 Spirit, 2 Bedroom, 2 Bath with C/H & Air. Rents for $575.00 per month 

 

7 Mobile Home Lots

Rents for $150.00 per month

 

17 RV Spaces:

5, 5A, 5B, 5C, 5D, 5E 

10A, 10B, 10C, 10D, 10E  

11A, 11B, 11C, 11D, 11E, 11F

Rents for $25 per day – $125 Per week – $350 per month.

AUCTIONEERS NOTE; The Nordquist Family has owned this business for approximately 40 years. Many great relationships have been made here and many tenants have become close friends. Regretfully all good things come to an end and now its time to retire.

The rental income could be increased if you desire. My thoughts are if this business with new management and marketing could greatly increase in income. I see tons of potential with the adjoining 5± Acres of vacant land available that will be offered at the auction in (Tract 2).    

Terms: Tract 1 $15,000 ~ Tract 2 $10,000 ~ Tract 3 $5.000 ~ Tract 4 $5,000  down day of auction in cashiers or pre-approved check.Title insurance and warranty deed furnished at closing, closing within 30 days, 10% buyers premium.  Announcements made day of sale take precedence over all advertising.

Mobile Homes: If you purchase one of these mobile homes to relocate, the occupants will have 30 days to relocate from Auction day. Buyer will have an additional 30 days to move the mobile home. Payment due in full day of auction, sold with bill of sale. 10% buyers premium.

COVID – 19

Directive from Governor Asa Hutchinson and Arkansas Department of Health. Family groups may sit together but 6 feet should be maintained between groups. Your own face coverings are required for all person’s present. Maintain 6 feet physical distance from others, face coverings may be removed.  If 6 feet distancing cannot be maintained, the face covering must be put back in place.

 

Registration finalizes – Each bidder agrees to terms and conditions of sale.  Do not bid unless you agree to be bound by these terms. Property to be sold as is where is with faults, without express or implied warranties of any kind.  Buyer is to perform all inspections prior to auction with professionals of their choosing. Fowler Auctioneers, Inc. represents the sellers only and does not inspect properties on behalf of buyers and assumes no responsibility for the correctness of any descriptions.

Fowler Auctioneers, Inc. is acting exclusively as an agent for Seller and not as an agent for any Bidder or Buyer. No third-party broker is acting as a sub-agent of Auctioneers.  All properties are absolutely sold “as is, where is” with no contingencies. Announcements made day of sale take precedence over all advertisement. All information given orally or in writing was derived from sources believed to be correct, but is not guaranteed. All real estate dimensions are only approximations.  Buyers shall rely entirely on their own information, judgment and inspection of the property and records. 

22769 Hwy. 67 Perla (Malvern), AR 72104

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Apartment A Apartment A Bath Apartment A Kitchen Apartment B
Apartment C
Apartment D Apartment D Kitchen Apartment D Bath Apartment D Living Room Apartment D Living Room
Apartment E Apartment E Duplex 1 Duplex Bath Duplex 2
Duplex Bath Duplex kitchen Duplex Bedroom Office/Home Home (Back of Office)
Home Loving Room (Back of Office) Home (Back of Office) Home Bath (Back of Office) home Loft (Back of Office) Home Patio (Back of Office)
Office

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Lot 8 14x60 Belmont 14x60 Belmont 259 Lowery St. 16x60 Sunshine 259 Lowery St. 16x60 Sunshine 259 Lowery St. 16x60 Sunshine
259 Lowery St. 16x60 Sunshine 259 Lowery St. 16x60 Sunshine 259 Lowery St. 16x60 Sunshine 111 Glen St.  16X60 Spirit Lot 9 16X55 Clayton

Fowler Auctioneers, Inc.

http://fowlerauctioneers.com

275 Hwy. 70 East Glenwood, AR 71943

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