Gifford MHP #2
Gifford MHP #2
Gifford MHP #2
Gifford MHP #2
Gifford MHP #2
Gifford MHP #2
Gifford MHP #2
Gifford MHP #2
Gifford MHP #2
Gifford MHP #2
Gifford MHP #2
Gifford MHP #2
Gifford MHP #1
Gifford MHP #1
Gifford MHP #1
Gifford MHP #1
Gifford MHP #1
Gifford MHP #1
Gifford MHP #1
Gifford MHP #1
Gifford MHP #1
Gifford MHP #1
Gifford MHP #1
Gifford MHP #1
Gifford MHP #2
Gifford MHP #2
Gifford MHP #2
Gifford MHP #2
Gifford MHP #2
Gifford MHP #2
Gifford MHP #1
Gifford MHP #1
Gifford MHP #1
Gifford MHP #1
Gifford MHP #1
Gifford MHP #1

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.5%
  • Listing ID: 627162
  • Posted On: Jan 31, 2016
  • Updated On: May 5, 2017

Description

Here's your chance to own in the prosperous, expanding Lake Charles market!
This area is experiencing the start of $90+ billion in industrial projects, mostly in LNG, refinery and chemical plant expansions.

Two parks totaling 128 spaces:
Gifford MHP #1 300 Dobbertine Rd. 56 spaces
Gifford MHP #2 101 Tousaint Rd. 72 spaces

Affordable housing is a major challenge in the area and all trailers rent quickly when rehabbed.

Local banks love mobile home parks, with 20-25% down typical.

Please email your questions and offers, we will respond in timely manner.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 128
Total Occupancy: 82.0 %
Average MH Lot Rent: $210
Size: 18 acre(s)

Financial Information (Actual)

Gross Income: $371,434
Operating Expense: $126,787
Net Operating Income: $244,647
Expense Ratio: 34.1 %

RV Information

Number of RV Lots: 0

Utility Information

Water: Well
Water Paid By: Park
Sewer: Treatment Plant

Park-Owned Homes

Number of Park-owned Homes: 34
Average Rent for Park-owned Homes: $525