Paradise Park - for Sale in Jennings, Louisiana
1108 South Lake Arthur Ave
Jennings, LA 70546
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Seller Information
Ricky LeblancD&R Properties LLC.
Mobile Home Park for Sale |
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| Number of MH Lots: | 116 |
| Size: | 19 acre(s) |
| Cap Rate: | 10.0% |
| Purchase Method: | New Loan |
| Status: | Active |
| Property ID: | 108751 |
| Posted on: | Dec 07, 2011 |
| Updated on: | Dec 07, 2011 |
| Price: | $2,250,000 |
Property Description
19 acres with 108 lots and 8 RV lots also has 42 mini storage building units on the property...Office building with a 4 bed tanning salon on property .. (contact for details for income of tanning salon and mini storage units Believe it or not the park has city water and city sewer ,no ponds or wells to worry about !!! Park has 75 park owned homes with various sizes with average rents of $430.00 and lot rents for $160.00 lighted streets and on ground park manager who has lived there for 23 years and also on grounds full time maintenance man with grounds keeper also (park utility bed truck with all tools used for maintenance and all lawn equipment (zero turn mower and accessories) recent appraisal available
Location Description
Park is located 2miles south of Interstate 10 on hwy 26 in Jennings
Park Information
| Number of MH Lots: | 116 |
| Total Occupancy: | 95.0% |
| Year Built: | 1983 |
| Average MH Lot Rent: | $160 |
| Size: | 19.0 acre(s) |
Financial Information
| Gross Income | $32 |
| Operating Expense | $23 |
| Net Operating Income | $9 |
| Expense Ratio | 71.9% |
| Debt Info |
Lot Information
| Singlewide Lots: | 108 |
RV Information
| Number of RV Lots: | 8 |
| Average RV Lot Rent: | $320 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 75 |
| Average Rent for Park-owned Homes: | $430 |
Amenities and Other
| Storage: | Yes |