Listed by KW Commercial Baton Rouge
$3,000,000
42553 Louisiana 42
Details
Property Type Mobile Home Park
Square Footage 34,200
Units 30
Cap Rate 8.70%
NOI $262,500
Occupancy 100%
Acreage 4.380
Zoning C-6-A & C-6-B-1-A
Ascension Parish Mobile Home Park for Sale
Marketing description
Exceptional investment opportunity. This mobile home park with 27 park-owned homes and 3 lot rentals offers exceptional value. Located in the desirable Ascension Parish School District, this park is currently reported to maintain strong occupancy. With city maintained road, reported scheduled gross income of $414,000, city water and sewer, and 2018 model homes described as being in like-new condition, this offering presents a compelling cash-flow investment opportunity. Contact Broker today for investment details.
Investment highlights
- Well Maintained
- 4.38Acres
- Located in Flood ZoneAE
- All homes above flood plain
- All homes built in2018
- 26 / 3 Bed 2 Bath homes leased at $1,300/month avg.
- 1 / 2 Bed 1 Bath home Leased at $950 month
- Consistently maintains 100% occupancy
- $414,000 scheduled gross annual income
- $262,500 NOI
- Tenants pays city water & sewer
- Strong performer with a 11% CAP rate
Listing Contacts
Listed by KW Commercial Baton Rouge
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$262,500.00
$21,875.00/mo
Valuation Metrics
0
DSCR
8.75%
Cap Rate
8.75%
ROI
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