Contact Information

Mobile Home Park Details

  • Price: $715,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 11.4%
  • Property ID: 1230936
  • Posted On: Mar 18, 2020
  • Updated On: Mar 18, 2020

Property Description

Located in Jennings, LA this park has 26 lots on over 4 acres and
access to city utilities such as water, sewer and electricity. There are a total of 21 park owned homes ranging in age and
rental income and 5 rental lots (2 of which are for RV/campers). The park is located directly South and adjacent to the new
Jennings Elementary School site that has undergone financing and design approvals and is set to break ground in May.
The footprint of the park is small with room for expansion on the existing 4 acres.

Location

Conveniently located off of I-10 in Jefferson Davis Parish

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Park Information

Community Type: All Age
Number of MH Lots: 26
Total Occupancy: 85.0 %
Size: 4 acre(s)

Financial Information (Pro Forma)

Gross Income $145,800
Operating Expense $55,000
Net Operating Income $82,000
Expense Ratio 37.7 %
Debt Info

Lot Information

Singlewide Lots: 26

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 21

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