Contact Information

Mobile Home Park Details

  • Price: $1,950,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 13.6%
  • Property ID: 1393855
  • Posted On: Feb 15, 2021
  • Updated On: Feb 16, 2021

Property Description

Mossy Oak Estates is a mobile home park with 28 lots, 26 lots have park owned homes. Two lots are vacant and are set up for single wide or RV. Park has city water newly paved road and all home have metal roofs.

Location

Mobile home park located in the heart of Sulphur, Louisiana close to refineries and casinos. In close proximity to Lake Charles, one of the fastest growing industrial cities in the state.

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Park Information

Community Type: All Age

Financial Information (Actual)

Gross Income $388,740
Operating Expense $122,796
Net Operating Income $265,924
Expense Ratio 31.6 %
Debt Info

Lot Information

Singlewide Lots: 28
Doublewide Lots: 0
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 2
Average RV Lot Rent: $575

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 26
Average Rent for Park-owned Homes: $1,300