229 W Vine Street
Multi-Family
for Sale
| Catylist Listing ID: |
30802268 |
| Property Subtypes: |
Mobile Home Park
|
| Number of Units: |
10 Units |
| Building Size (RSF): |
1 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.75 Acres
|
| Sale Price: |
$485,000 |
| Unit Price: |
$48,500 Per Unit |
| In Opportunity Zone? |
Yes |
| Sale Terms: |
Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
1/23/2023 |
Overview / Comments
|
For sale is a quiet 10-lot mobile home park located in the heart of the historical district of Opelousas within close distance to I-49. There are 5 park-owned homes, 4 lots leased by current tenants for additional space, and 1 vacant lot ready for a new tenant. The park currently takes in $4,150 per month and has city water and sewer. Tenants pay for water, sewer and to cut their own yards. Garbage collection is paid through St. Landry parish property taxes making this a low expense park. All tenants are long-term tenants. The park-owned homes are 2 bedroom units with a mix of 1 and 2 bathrooms. There is one 3 bedroom/2 ba unit with park-owned home rents ranging from $600-$800 per month.
|
Additional Details
| Nearest MSA: |
Opelousas |
| County: |
Saint Landry |
| Tax ID/APN: |
0100096700 |
| Area Description: |
Exit off of I-49 at the Hwy 190 exit. Traveling East on Hwy 190, take a Left onto S Railroad Ave, then take a Left onto Ronald Reagan Hwy. Vine Street will be on your Right. |
| Parking Type: |
Surface |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System, Window Unit |
| Legal Description: |
229 W Vine Street, Opelousas, LA 70570
Legal description: 1 LOT (193.5X169.7) BLK 36 ORIGINAL TOWN OF OPELOUSAS N VINE ST S PAVY E LANDAU
& LACOMBE W BAYOU TESSON FRONTING 193.5' ON VINE ST BEING LOT 4 (TRAILER PARK) 1125301
(MH 2009 DABC SERIAL KB03370809)
(MH 2006 KABC SERIAL #KB01121906)
(MH 2000 CLAT SERIAL #CLS096186TN)
As per St. Landry tax assessor |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
12,361 |
24,033 |
28,045 |
| Median Age: |
32.26 |
35.39 |
35.25 |
| Households: |
4,673 |
9,211 |
10,709 |
|
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