Gifford MHP #2
Gifford MHP #2
Gifford MHP #2
Gifford MHP #2
Gifford MHP #2
Gifford MHP #2
Gifford MHP #1
Gifford MHP #1
Gifford MHP #1
Gifford MHP #1
Gifford MHP #1
Gifford MHP #1
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 9.5%
- Listing ID: 627162
- Posted On: Jan 31, 2016
- Updated On: May 5, 2017
Description
Here's your chance to own in the prosperous, expanding Lake Charles market!
This area is experiencing the start of $90+ billion in industrial projects, mostly in LNG, refinery and chemical plant expansions.
Two parks totaling 128 spaces:
Gifford MHP #1 300 Dobbertine Rd. 56 spaces
Gifford MHP #2 101 Tousaint Rd. 72 spaces
Affordable housing is a major challenge in the area and all trailers rent quickly when rehabbed.
Local banks love mobile home parks, with 20-25% down typical.
Please email your questions and offers, we will respond in timely manner.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 128 |
| Total Occupancy: | 82.0 % |
| Average MH Lot Rent: | $210 |
| Size: | 18 acre(s) |
Financial Information (Actual)
| Gross Income: | $371,434 |
| Operating Expense: | $126,787 |
| Net Operating Income: | $244,647 |
| Expense Ratio: | 34.1 % |
Lot Information
| Singlewide Lots: | 128 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 34 |
| Average Rent for Park-owned Homes: | $525 |
