Contact Information

Mobile Home Park Details

  • Price: $8,253,000
  • Property ID: 1431807
  • Posted On: May 3, 2021
  • Updated On: May 3, 2021

Property Description

Sunstone is pleased to offer for sale Cumberland Estates, a 147-space manufactured housing property located in Sulphur, LA. Sulphur is located 10 miles West of Lake Charles, LA and 45 miles East of Beaumont, TX. This is a rare opportunity to own a top notch community featuring concrete roads, public utilities, and little deferred maintenance in a growth market. The community is situated on 19.4 acres of land. Amenities include off-street parking and on-site management with excellent access to I-10 and major employment generators.

Park Sales Price: $6,650,000
Homes Sales Price: $1,603,000
Total Sales Price: $8,253,000

Location

Concrete roads and 3 car concrete parking pads
City water and City Sewer
Existing Freddie Mac Loan that needs to be assumed
High Growth Market
Upside in Rents

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Park Information

Number of MH Lots: 147
Total Occupancy: 95.0 %
Average MH Lot Rent: $317
Size: 19 acre(s)

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