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, 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

Similar Mobile Home Parks for Sale