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26435514
26435510

135 Farris Loop, Merryville, LA 70653

CN
TX 780088
C21 Commercial Mike Bowman, Inc.
Listed by C21 Commercial Mike Bowman, Inc.
$1,690,000
299 days on market
Updated 122 days ago

Country Meadow Estates

Details
Property Type Multifamily, Mobile Home Park (+2)
Sub Type Business and Building, RV Park
Units 68
Cap Rate 10.03%
NOI $169,449
Buildings 1
Acreage 30.000
Parking Spaces 68 per unit

Multifamily | 10.03% CAP | 68 Units

Investment highlights

Country Meadow Estates offers an excellent opportunity to acquire a fully operational, income-producing RV park located in DeRidder, Louisiana. Strategically positioned just north of US Highway 190 West (between Deridder and Merryville), this resort is within close proximity to local employers, shopping, and outdoor recreation. The resort features 30/50/20-amp full hook-up sites, spacious pull-through lots, a dog run (75' x 200'), and climate-controlled laundry facility. Tenants have even used a portion of the property as a golf driving range. In addition there is storage building (40' x 60') that is also used by tenants as a mechanics workshop. With consistent occupancy and a reputation for clean, quiet accommodations, the property offers stable cash flow and operational simplicity.

The property also features a 2500 sq. ft. DW 4 bedroom, 3 bath mobile home (32' x 80') which is currently occupied by the seller. The seller desires to remain post closing for up to 6 months and assist with the management of the park.

Major attractions include: Toledo Bend Reservoiur. Gothic Jail, Watermelon Festival, Vintage Stores, and nearby

This turnkey asset features 30 +/- acres, with public water and room for expansion for RVs, mobile homes or tiny homes. It is located just outside of the city limits. Whether you're a seasoned operator looking to expand your portfolio or a new investor seeking a low-barrier entry into the RV hospitality market, Country Meadow Estates combines strong fundamentals with growth potential in a market poised for continued demand.

Listing Contacts

CN
TX 780088
C21 Commercial Mike Bowman, Inc.
Listed by C21 Commercial Mike Bowman, Inc.

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$169,449.00
$14,120.75/mo

Valuation Metrics

0
DSCR
10.03%
Cap Rate
10.03%
ROI

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Additional Information

Name
VICKIE PERKINS
License
70793
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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