Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 11.4%
  • Listing ID: 1098572
  • Posted On: Jun 25, 2019
  • Updated On: Sep 24, 2019

Description

12 unit mobile home investment property with the abilty to add 17 more homes to existing cleared land. City water and trash pick up twice per week, private sewer plant. Approvals and plot plans approved by city for additional development...Road and underground electrical in place ready to serve. No flood issues, all park owned, concrete drive, walkway, pads. All well mantained, fully occupied. Great Investment. 11.0+ cap rate today prior to adding 17 additional homes. Interested Call 225-367-7397

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Park Information

Community Type: All Age
Number of MH Lots: 12
Total Occupancy: 100.0 %
Year Built: 2005
Average MH Lot Rent: $625
Size: 7 acre(s)

Financial Information

Gross Income: $90
Operating Expense: $11
Net Operating Income: $78
Expense Ratio: 12.2 %

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: Treatment Plant

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