Contact Information
Kevin Puder
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
Location
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 |