Contact Information

Anthony Pacaccio

samco properties

Mobile Home Park Details

  • Price: $1,280,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.0%
  • Property ID: 1068843
  • Posted On: May 1, 2019
  • Updated On: Feb 2, 2020

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. one lot is empty. One is set up for an rv to be to be hooked up behind the existing mobile home. 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: 32
Total Occupancy: 100.0 %
Average MH Lot Rent: $360
Size: 5.0 acre(s)

Financial Information (Actual)

Gross Income $136,800
Operating Expense $34,248
Net Operating Income $102,552
Expense Ratio 25.0 %
Debt Info

Lot Information

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

RV Information

Number of RV Lots: 1
Average RV Lot Rent: $0

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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