Ascension Parish Mobile Home Park
$3,000,000
42553 Louisiana 42, Prairieville, LA 70769
11
Cap Rate
262,500
NOI
Details:
Description:
Exceptional investment opportunity-Thismobile 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.
Well Maintained
4.38 Acres
Located in Flood ZoneAE
All homes above flood plain
All homes built in 2018
26 / 3 Bed 2 Bath homes leased at $1,300/month avg.
1 / 2 Bed 1 Bath home Leased at $950 mo
Consistently maintains 100% occupancy
$414,000 scheduled gross annual income
$262,500 NOI
Tenants pays city water
Sewer is private treatment plant
Strong performer with a 8.7% CAP rate
Location
Gallery
