16-units total fully occupied Mobile home park plus 1 single family

Multi-Family for Sale
Catylist Listing ID: 30804353
Property Subtypes: Mobile Home Park, Other
Number of Units: 16 Units
Building Size (RSF): 16,007 SF
Gross Building Area: See Agent
Gross Land Area: 2.80 Acres
Sale Price: $1,650,000
Unit Price: $103,125 Per Unit
Property Use Type: Investment
Usable Size (USF): 17,774 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 95
Last Updated: 9/29/2022

Overview / Comments

Great investment opportunity just outside of Denham Spring city limits! This fully occupied bundle includes 15 mobile homes (all 3 bed and 2 bath) & 1 single family residence (3 bed and 2 bath). All units have individual utility meters, city services & individual addresses. Tenants pay utilities. Mobile homes have been immobilized & spray foam was installed to all units in 2022 **Do not disturb the tenants or walk the property**

Additional Details

Nearest MSA: Baton Rouge
County: Livingston
Submarket/Township: 81
Percent Occupied: 100%
Highway Access: Highway 16
Airports: Baton Rouge 16 miles
Site Description: 15 mobile homes and 1 single family residence.
Total Number of Buildings: 16
Property Condition: Average
Number of Stories: 1
Parking Type: Surface
Parking Description: Each mobile home has off street parking and the home has an attached covered carport.
Total Parking Spaces: 32
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Evaporative Cooler
Internet Access: Cable
Interior Description: Each unit contains 3 bedrooms and 2 bathrooms. All units have tile and either laminate wood or carpet.
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: owned
Legal Description: As per title lots 9-23 & 33 of Pine Bluff Estates.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,170 32,864 97,673
Median Age: 35.32 35.63 34.55
Households: 1,954 11,955 35,797

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