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Kim Smith / Realtor (337) 540 8045

Coldwell Banker Gallerie Realty

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mobile home park

Mobile Home Park for Sale in Jennings, Louisiana

Jennings, LA 70546
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Sale Price: $499,900

Contact Information

Kim Smith / Realtor (337) 540 8045
Coldwell Banker Gallerie Realty

Mobile Home Park for Sale

Number of MH Lots: 27
Size: 3.5 acre(s)
Cap Rate: 12.0%
Purchase Method: Cash, New Loan
Status: Active
Property ID: 811228
Posted on: May 08, 2017
Updated on: May 10, 2017
Price: $499,900

Property Description

Nice income producing property located in the booming SW Louisiana. The park stays rented and is on a waiting list. Located close to I-10. The 27 space mobile home park has 1-4/2 house in addition to 18 park owned mobile homes. This April 2017 has a Gross income of $11,500. Seller nets approx. $5000 per month.

Park Information

Number of MH Lots:27
Year Built:87
Average MH Lot Rent: $250
Size:3.5 acre(s)

Financial Information (Actual)

Gross Income$138,000
Operating Expense$78,000
Net Operating Income$60,000
Expense Ratio 56.5%
Debt Info

Lot Information

Singlewide Lots:25
Doublewide Lots:2
Park Model Lots:21

RV Information

Average RV Lot Rent: $300

Utility Information

Water Paid By: Park

Park-Owned Homes

Number of Park-owned Homes:18
Average Rent for Park-owned Homes: $570

Zip codes in Jennings, LA

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