Listed by KW Commercial Baton Rouge
$1,699,000
Mobile Home Park with 18 park-owned units Livingston Parish
Details
Property Type Mobile Home Park
Square Footage 22,000
Units 18
Cap Rate 11.56%
NOI $196,489
Acreage 2.000
Mobile Home Park | 10.20% CAP
Marketing description
Mobile Home Park with 18 park-owned units.
15 homes built in 2017 or later — each leased at $1,300/month.
3 older models — each leased at $600/month.
Consistently maintains 100% occupancy.
Owner pays water & sewer; tenants pay electricity.
Located in Flood Zone X (low flood risk).
Expansion potential on adjacent property.
Strong performer with a 11.5% CAP rate and $254,950 gross annual income.
Investment highlights
11.5% CAP RATE
2 Acres
18 Homes
Well Maintained
Listing Contacts
Listed by KW Commercial Baton Rouge
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$196,489.00
$16,374.08/mo
Valuation Metrics
0
DSCR
11.56%
Cap Rate
11.56%
ROI
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