Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 11.4%
- Listing ID: 1230936
- Posted On: Mar 18, 2020
- Updated On: Sep 17, 2020
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
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
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 % |
Lot Information
| Singlewide Lots: | 26 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
