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

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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


Photograph of Listing Agent

Jeremy P Harson

NAI/Latter & Blum Commmercial Lafayette Lafayette, LA 70508
LACDB Member
Photograph of Listing Agent

Clinton J Shepard

NAI/Latter & Blum Commmercial Lafayette Lafayette, LA 70508
LACDB Member
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