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
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 80 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $600 |
| Size: | 18 acre(s) |
Lot Information
| Singlewide Lots: | 80 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 75 |
| Average Rent for Park-owned Homes: | $600 |