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Mobile Home Park Details

  • Price: $2,100,000
  • Property ID: 1081371
  • Posted on May 14, 2019

Property Description

Sunstone is pleased to offer for sale Ceder Ridge Estates MHC. This 103 space community is currently 37% occupied with 65 spaces available for new homes to be brought in providing tremendous upside for a new owner . The current owner has started the infill process by bringing in 27 park owned home which are 100% occupied. The park is serviced by city water and private sewer with a waste water treatment plant. The waste water treatment plant has recently undergone significant renovation to increase the efficiency and reliability of the plant. In addition to upgrading the WWTP, the current owner also chip-sealed the roads in 2018. The property is located one mile east of the Texas/Louisiana border providing easy access to Shreveport, while still providing residents with a peaceful place to life in the Louisiana county side.

The property is being offered at a combined list price of $2,100,000 with the park owned homes being sold free and clear. Currently the 27 park owned homes have assumable financing in place with an estimated unpaid balance of $560,000.

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Park Information

Number of MH Lots: 103
Total Occupancy: 37.0 %
Average MH Lot Rent: $272
Size: 20.0 acre(s)

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