Contact Information

Mobile Home Park Details

  • Price: $550,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.0%
  • Property ID: 2193403
  • Posted On: Mar 16, 2023
  • Updated On: Mar 18, 2023

Property Description

Incredible Value-Add Opportunity – This property enables a new investor to increase rents and lease up to capitalize on a considerably greater proforma return due to having rents significantly below market.

Lower Maintenance/Expenses – The park is filled with only tenant-owned homes, leaving less ongoing maintenance and expenditures for the landlord.

Minimal Utility Responsibilities – Most units utilize public utilities, which offers the landlord a more passive stream of income and ownership.

Stabilized Park – The park currently operates at 94% occupancy, proving its value to the community


126 Vega Ct, Gibson, LA 70356

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 50
Total Occupancy: 94.0 %
Average MH Lot Rent: $150
Size: 25 acre(s)

Financial Information (Actual)

Gross Income $73,224
Operating Expense $34,639
Net Operating Income $38,585
Expense Ratio 47.3 %
Debt Info

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: Treatment Plant

Park-Owned Homes

Number of Park-owned Homes: 0

Download Documents

Other Listings by Kevin Puder