Listed by Bang Realty, Christopher Murton - Intelligence
$1,125,000
North Louisiana Mobile Home Park Portfolio
Details
Property Type Mobile Home Park
Sub Type Mobile Home Park
Pads 42
Cap Rate 10.93%
NOI $123,000
Occupancy 67%
Tenancy Multi
Pro-Forma Cap Rate 17.57%
Pro-Forma NOI $197,706
Acreage 5.950
Zoning Comercial / Mobile Home Park
Investment Type Value Add
Sale Condition N/A
Mobile Home Park | 42 Pads | $26,785/pad
Marketing description
The Community Brokerage and Bang Realty are pleased to present an exclusive opportunity to acquire two established mobile home communities in Northern Louisiana. Together, the properties produce a combined monthly NOI of approximately $10,000 and are offered as a portfolio at $1,125,000, with individual sales considered. Both assets offer meaningful value-add potential — lot rents have remained significantly below market with no increases in over four years, providing a clear path to enhanced returns for an incoming owner. All utilities are city-provided and billed directly to tenants at both locations. Flexible financing options are available for qualified buyers, including owner financing and Bond for Deed.
Investment highlights
- Neither park has seen a rent increase in over four years
- Both parks are well below current market rates. TOH lot rents are $200/month across both parks.
- The West Monroe property has 4 lots fully equipped ready for homes to be moved in.
- The Bastrop property has 9 homes lots fully equipped for homes to be moved in, with room for another 5 lots to be developed and have utilities added.
Listing Contacts
Listed by Bang Realty, Christopher Murton - Intelligence
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$123,000.00
$10,250.00/mo
Valuation Metrics
0
DSCR
10.93%
Cap Rate
10.93%
ROI
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