.svg)
.svg)
[Reduced] Twin Oaks Mobile Home Park - 32 Units
30697 Old River Rd, Denham Springs, LA
$1,150,000
Price
8.44%
Cap Rate
$97,080
NOI
Overview
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.
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%
Location
Gallery
More Listings from Mark Segalla
2888 Dougherty Dr, Baton Rouge, LA
1710 N Marque Ann Dr, 2888 Dougherty Dr, 1737 La Annie Dr, 5665 McClelland Dr, Baton Rouge, LA
438 Main St, Baton Rouge, LA
12020 Florida Blvd, Baton Rouge, LA
