Jennings Estates Mobile Home Park
35-Lot Manufactured Housing Community | Existing Cash Flow with Growth Opportunity
Marketing description
This mobile home park offers an excellent investment opportunity with 35 total lots, including 14 income-producing lots currently occupied. The property provides significant upside potential for investors looking to increase occupancy and maximize returns.
Please note that some lots are located below the Base Flood Elevation (BFE). Documents from the Rapides Area Planning Commission outlining requirements for placing new mobile homes in the park have been attached to the listing for buyer review and due diligence.
Agents, please do not disturb residents. All questions should be directed to the listing agent. Interior showings of occupied units may be scheduled only with an executed contract for sale of the property.
Park Owned Homes:
Lot 5
Lot 6
Lot 7
Lot 8
Lot 23
Lot 24
Lot 32
Lot 36
Tenant Owned Homes:
Lot 12
Lot 13
Lot 20
Lot 21
Lot 22
Lot 33
Investment highlights
35 Total Mobile Home Lots providing substantial scale and future income growth potential.
14 Currently Occupied Lots generating existing cash flow from both park-owned and tenant-owned homes.
Value-Add Opportunity with 21 additional lots available for lease-up, offering significant upside through increased occupancy.
Diverse Income Structure featuring a mix of park-owned homes and tenant-owned homes, creating multiple revenue streams.
Park-Owned Home Portfolio Included with eight park-owned homes conveyed as part of the sale.
Established Tenant Base with existing residents in place, providing immediate income from day one.
Opportunity to Increase NOI through occupancy improvements, lot rent adjustments, operational efficiencies, and strategic capital improvements.
Manufactured Housing Sector Demand benefits from continued demand for affordable housing options in the region.
Flexible Investment Strategy suitable for investors seeking stabilization, repositioning, or long-term cash flow growth.
Due Diligence Materials Available including documentation from the Rapides Area Planning Commission regarding placement requirements for future mobile homes within the park.
Below-BFE Lots Present creating an opportunity for experienced manufactured housing operators to evaluate redevelopment and placement strategies in accordance with local requirements.
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