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Address is 1835 South Lake Arthur Ave. Jennings, LA 70546

Sandy Broussard

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Country Life Mobile Home Park

Mobile Home Park for Sale in Jennings, Louisiana

1835 South Lake Arthur Ave.
Jennings, LA 70546

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Sale Price: $599,000

Contact Information

Sandy Broussard

Mobile Home Park for Sale

Number of MH Lots: 26
Size: 4.1 acre(s)
Status: Active
Property ID: 978532
Posted on: Aug 15, 2018
Updated on: Sep 07, 2018
Price: $599,000

Property Description

Country Life Mobile Home Park is a well established and profitable mobile home park in Jennings, LA that has 26 lots. Twenty-one mobile homes are park owned, 1 mobile home is tenant owned, 2 lots are camper lots, and 2 lots are currently vacant. Many of the tenants are elderly and have been dependable renters or quite some time. The park owned mobile homes mostly stay 100% occupied and I get weekly calls inquiring about vacancies.
Park is on city water and city sewer. The property is a total of 4.05 acres. There is about one acre in the back that can fit probably around 10 more trailers or campers. The sale also includes a leaf sweeper, a wagon, sewer snake cleanout, 5 storage buildings, assorted pipe fittings, parts and paint supplies, and 2 lavatories with sinks.
There is a local handy man that does most all of the repairs. Please do not disturb tenants or inform them that the park is for sale.

Expenses for August 2018:
Monthly: Electricity $46.00, trash $351.00, water/sewer $935.00. Lawn care is maintained mostly by owners $100

Yearly Expenses:
property insurance $2,767.00 and
property tax $2165.14.

I will send more financial information upon request. I also have suggestions for improving cash flow.

Park Information

Number of MH Lots:26
Total Occupancy:85.0%
Average MH Lot Rent: $500
Size:4.1 acre(s)

Lot Information

Singlewide Lots:26
Doublewide Lots:0
Triplewide Lots:0
Park Model Lots:0

RV Information

Number of RV Lots:2
Average RV Lot Rent: $350

Utility Information

Water Paid By: Park

Park-Owned Homes

Number of Park-owned Homes:21
Average Rent for Park-owned Homes: $500

Amenities and Other

Storage: Yes

Zip codes in Jennings, LA

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