Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 13.6%
- Listing ID: 1393855
- Posted On: Feb 15, 2021
- Updated On: Jun 14, 2021
Description
Mossy Oak Estates is a mobile home park with 28 lots, 26 lots have park owned homes. Two lots are vacant and are set up for single wide or RV. Park has city water newly paved road and all home have metal roofs.
Location
Mobile home park located in the heart of Sulphur, Louisiana close to refineries and casinos. In close proximity to Lake Charles, one of the fastest growing industrial cities in the state.
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Park Information
| Community Type: | All Age |
Financial Information (Actual)
| Gross Income: | $388,740 |
| Operating Expense: | $122,796 |
| Net Operating Income: | $265,924 |
| Expense Ratio: | 31.6 % |
Lot Information
| Singlewide Lots: | 28 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 2 |
| Average RV Lot Rent: | $575 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 26 |
| Average Rent for Park-owned Homes: | $1,300 |
