The requested property is removed. Here are active Mobile Home Parks for Sale in New Roads, Louisiana
80-Space Mobile Home Park
5901 East Texas Street, Bossier City, LA71111
Expired
Mobile Home Park Details
Purchase Method:
Cash
Listing ID:
258206
Posted On:
Aug 29, 2012
Updated On:
Sep 2, 2013
Description
Existing Mobile Home park with 80 occupied sites. Seventy five of the homes are owned by the park and included in this sale. Five homes are owner occupied long term rentals. Most rentals are 3 bed, 2 bath mobiles and rent increase is overdue. Adjacent three acres owned by park are vacant with utilities subsurface for future expansion of another approximate 20 mobiles. Additional vacant land owned by park could be converted into an outdoor storage facility for boats and trailers belonging to tenants, thereby increasing revenue. Park is located across the street from Bossier Parish Community College and just one mile from Harrah's Louisiana Downs. Occupancy nearly always 100% 11% cap rate, with rental increase anticipated resulting in 12% cap rate. Diamond Realty & Associates, 315 Texas Street, Bossier City, LA 71111 Office 318-746-0011, Agent, Judi Bruce, Cell 318-469-3810
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