Remarks
Exceptional investment opportunity -- Mobile Home Park with 18 park-owned units. 15 homes built in 2017 or later -- each leased at $1,300/month. 3 older models -- each leased at $600+/-/month. Consistently maintains 100% occupancy. Owner pays water & sewer; tenants pay electricity. Located in Flood Zone X (low flood risk). 10.2% CAP Rate. 2 Acres. 18 Units. Well-Maintained Property. Expansion potential on adjacent property. Strong performer with a 11.5% CAP rate and $254,950 gross annual income.
Details
- Listing ID:
- BR2025014784
- Parish
- Livingston
- Area
- LIV MLS Area 81
- Subdivision
- Rural Tract (NO Subd)
- Financing
- Cash, Conventional
- Assessment
- 0058057
- Legal Desc
- Rural Tract
- Parking:
- Open Parking Spaces: 36
Interior
- Cooling
- Other, Central Air
- Heating
- Central
- Lot Dimensions
- IRR
Exterior
- Construction
- Vinyl Siding, Metal Siding
- Lot Size Area
- 2 ac
Location
- Directions
- Hwy 190 (Florida Blvd) to Eden Church Rd.
- Parish
- Livingston
