Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 428573
- Posted On: Mar 14, 2014
- Updated On: Feb 4, 2016
Description
Suburban Village Park Is located in Opelousas, Louisiana. The park was constructed in the early 80's and contains 78 Mobile Homes Lots on 10.4 acres. The average monthly rent for each lot is $120 and $400-$450 for three park owned homes.
Park NOI is Right at $60,000 with potential to be much higher. Individual water metering would reduce expenses by $22,000-$24,000 per year. Future owners could also reduce expenses with accounting software.
Please Email Gerard Broussard for more information about Suburban Village.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
Community Type: | All Age |
Number of MH Lots: | 78 |
Total Occupancy: | 95.0 % |
Size: | 10 acre(s) |
Financial Information
Gross Income: | $126,000 |
Operating Expense: | $66,000 |
Net Operating Income: | $60,000 |
Expense Ratio: | 52.4 % |
Lot Information
Singlewide Lots: | 78 |
Park-Owned Homes
Number of Park-owned Homes: | 3 |
Average Rent for Park-owned Homes: | $425 |