Bogan VillageMH Park - for Sale in Denham Springs, Louisiana

24453 Walker South Rd
Denham Springs, LA 70726
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This Mobile Home Park is Off Market

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Entrance into park
Entrance into park

Mobile Home Park for Sale

Number of MH Lots: 15
Size: 5 acre(s)
Cap Rate: 10.0%
Purchase Method: Cash
Status: Off Market
Property ID: 72715
Posted on: Jun 20, 2011
Updated on: Apr 13, 2012

Property Description

Great Investment. 15 Trailers and single family House. Room for 3 more trailers. Located on 5 1/2 acres of land. Three miles from I-12. New Hospital being built 2 miles from park, New school 1/2 mile from park, 100% full with waiting list. Ready to retire.Monthly income. House rents for $1200.00 a month. Total income of park runs around $10,000 to $12,000 a month
Seller wants to relocate out of town.

Location Description

Located 3 miles from I-12 Walker exit

Park Information

Number of MH Lots:15
Total Occupancy:100.0%
Year Built:1980
Average MH Lot Rent: $0
Size:5.0 acre(s)

Financial Information (Actual)

Gross Income$120
Operating Expense$6,943
Net Operating Income$113
Expense Ratio 5785.8%
Debt Info

Lot Information

Singlewide Lots:15
Doublewide Lots:0
Triplewide Lots:0
Park Model Lots:0

RV Information

Number of RV Lots:0
Average RV Lot Rent: $0

Utility Information

Water:City
Water Paid By: Tenant - Individual Service
Sewer:Treatment Plant

Park-Owned Homes

Number of Park-owned Homes:15
Average Rent for Park-owned Homes: $700