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Address is 1108 South Lake Arthur Ave Jennings, LA 70546

Ricky Leblanc

D&R Properties LLC.

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Paradise Park

Multi Family Housing for Sale in Jennings, Louisiana

1108 South Lake Arthur Ave
Jennings, LA 70546

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Mobile Home Park for Sale

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 12, 2012

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




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