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[Reduced] Twin Oaks Mobile Home Park - 32 Units

$1,150,000

30697 Old River Rd, Denham Springs, LA 70726

Active
Last Updated: 06/11/2021

8.44

Cap Rate

97,080

NOI

Details:
Cap Rate:    8.44%
NOI:    $97,080
Lot Area:    5.72 acres
Occupancy:    96.9%
Units:    32
Highlights:
  • 32-Unit Mobile Home Park + 1 Additional RV Space
  • All mobile homes owned by tenants. No maintenance or utility expense for landlord
  • Extremely low turnover
  • Occupancy Rate: 96.9%
Description:

Twin Oaks Mobile Home Park is a 32-unit mobile home park in Denham Springs, LA. It also contains 1 additional RV space.

All mobile homes are tenant owned leaving no maintenance or utilities expense on the landlord. The property is a very passive investment and has extremely low turnover.

The property sits just west of Hwy 16 (Range Ave) on Old River Rd. (Hwy 1028). Residents enter via a driveway from Old River Rd and use a circle drive to access units.

This quiet multifamily investment sits among other residential neighborhoods and private residences.

Mailboxes and dumpster are situated in the front of the property near Old River Rd.

Located off of Old River Rd in Denham Springs, LA.

Map:
Location
Gallery