400 Raymond Street
Multi-Family
for Sale
| Catylist Listing ID: |
30802292 |
| Property Subtypes: |
Mobile Home Park
|
| Number of Units: |
See Agent |
| Building Size (RSF): |
1 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
2.50 Acres
|
| Sale Price: |
$1,200,000 |
| In Opportunity Zone? |
Yes |
| Sale Terms: |
Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
2/6/2023 |
Overview / Comments
|
Pecan Acres Mobile Home Park is located in the heart of Opelousas and sits on 2.5 acres with city water, sewer and concrete roads. The park has undergone extensive infrastructure improvements over the past year and a half with new home pads, new electrical overhead lines, new poles, meters and panels, new perimeter fence around the park with all roads recently resurfaced. The park has 29 total lots consisting of 13 park owned homes with rents ranging from $550-$850/month with a mix of 2 & 3 Bedroom homes, 8 lots currently rented out at $200/month and 8 vacant lots. Lot rents are slightly below market and can be increased quickly. Current rental income is $10,950/month and the park has significant value add potential. Tenants pay all utilities.
|
Additional Details
| Nearest MSA: |
Opelousas |
| County: |
Saint Landry |
| Tax ID/APN: |
0100541590 |
| Area Description: |
Traveling East on Hwy 190, take Right onto S Bullard, Left onto W Grolee Street, Right onto Raymond Street. Park will be on your Right |
| Parking Type: |
Surface |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
See Documents |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
7,631 |
24,033 |
27,398 |
| Median Age: |
30.91 |
35.39 |
35.49 |
| Households: |
2,819 |
9,211 |
10,429 |
|
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