Mobile Home Park Details

  • Purchase Method: Cash
  • Listing ID: 258206
  • Posted On: Aug 29, 2012
  • Updated On: Sep 2, 2013

Description

Existing Mobile Home park with 80 occupied sites. Seventy five of the homes are owned by the park and included in this sale. Five homes are owner occupied long term rentals. Most rentals are 3 bed, 2 bath mobiles and rent increase is overdue. Adjacent three acres owned by park are vacant with utilities subsurface for future expansion of another approximate 20 mobiles. Additional vacant land owned by park could be converted into an outdoor storage facility for boats and trailers belonging to tenants, thereby increasing revenue. Park is located across the street from Bossier Parish Community College and just one mile from Harrah's Louisiana Downs. Occupancy nearly always 100% 11% cap rate, with rental increase anticipated resulting in 12% cap rate. Diamond Realty & Associates, 315 Texas Street, Bossier City, LA 71111 Office 318-746-0011, Agent, Judi Bruce, Cell 318-469-3810

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Park Information

Community Type: All Age
Number of MH Lots: 80
Total Occupancy: 100.0 %
Average MH Lot Rent: $600
Size: 18 acre(s)

Lot Information

Singlewide Lots: 80

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 75
Average Rent for Park-owned Homes: $600