Mobile Home Park Details
- Purchase Method: Cash
- Listing ID: 4321944
- Posted On: Jan 24, 2024
- Updated On: Aug 20, 2024
Description
Prescott Place is a brand new 71 space mobile home park development completed early 2023.
Improvements to the property included: new plumbing, new electrical, fully fenced in and secured, updated roadways.
Lease up began in middle of 2023 and expected to be at stabilization by Q1 of 2024.
All lot rentals with no maintenance headaches on Landlord.
Electric bill is paid directly by tenant, water is paid through the landlord with a $50/month water credit paid by tenant.
Discounted sale price for buyer to acquire prior to stabilization.
The community is located at the highly traveled Airline Hwy / Prescott Rd intersection (±48,646 daily traffic) – capitalize on this visibility to draw tenants and fully lease the property.
The community is fully fenced and has RFID access gates at the entrances.
***To access the FINANCIALS (rent roll, income, expense, etc.), please visit our website here: https://elifinrealty.com/deals/investment-opportunity-mobile-home-community-7100-prescott-rd-baton-rouge-la-70812/
Click “Access Privileged Documents”. From there, you’ll be able to login, sign the Confidentiality Agreement electronically, and access all of the available information. If you don’t already have an account, you can create one for free.***
Park Information
Total Occupancy: | 70.0 % |
Size: | 7 acre(s) |
Lot Information
Singlewide Lots: | 71 |