Contact Information

Mobile Home Park Details

  • Price: $1,100,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.5%
  • Property ID: 1068843
  • Posted on May 1, 2019

Property Description

33 lot mobile home park for sale in Denham Springs, LA. No park owned mobile homes. All mobile homes are owned by the tenants. Electricity and water is sub metered and paid for by the tenants. Each lot has its own garbage can and is picked up by the city and paid for by the park. Two lots are empty. One is set up for two R'vs to be hooked up. The other empty lot has water and plumbing and is in need of electric wire pulled to it. The electric pole and the underground conduit is installed, and only needs the wire pulled. This is a very quiet mobile home park and extremely easy to run. The property manager lives on the premises and has been there for many years. She is an awesome manager and collects all rents and keeps the park running smoothly. Great upside. Serious calls only and by appointment only. Please do not disturb residents of the park.

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Park Information

Community Type: All Age
Number of MH Lots: 33
Total Occupancy: 94.0 %
Average MH Lot Rent: $325
Size: 5.0 acre(s)

Financial Information (Actual)

Gross Income $119,880
Operating Expense $25,596
Net Operating Income $94,284
Expense Ratio 21.4 %
Debt Info

Lot Information

Singlewide Lots: 32
Doublewide Lots: 1
Park Model Lots: 33

RV Information

Average RV Lot Rent: $500

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 0
Average Rent for Park-owned Homes: $0

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