MOBILE HOME PARK INVESTMENT PROPERTY

Multi-Family for Sale
Catylist Listing ID: 30359602
Property Subtypes: Mobile Home Park
Number of Units: 40 Units
Building Size (RSF): 51,200 SF
Gross Building Area: See Agent
Gross Land Area: 7.54 Acres
Sale Price: $1,720,000
Unit Price: $43,000 Per Unit
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Last Updated: 9/18/2019

Overview / Comments

CONFIDENTIAL/Rare Opportunity-Mobile Home Park For Sale. The site consist of 7.54 acres +/- and 40 Mobile Homes sites on Buddy Ellis Road near Hwy. 447 Walker South, Denham Springs. All Mobile Homes are owned by the sellers and included with sale. Great location near lots of amenities including the local Wal Mart, 2 miles away. The Park is well maintained by the owners–-No smoking–-No pets are allowed in the Park. No Mobile Homes took water during the August 2016 Flood. The sellers have already been approved by the parish to build an additional 16 Mobile Homes (Phase 2) on the remaining undeveloped land. This will provide a great upside for additional cash flow. There is adequate clay dirt already on site for the new improvements. The site is near Our Lady of the Lake Hospital which puts the property on the same electric grid in the event of power outage. PLEASE KEEP CONFIDENTIAL AND PLEASE DO NOT GO ON PROPERTY WITH CLIENTS WITHOUT CONTACTING AGENT.
Great Cash Flow! Financials Available. Please contact agent for more details!

Additional Details

Nearest MSA: Baton Rouge
County: Livingston
Submarket/Township: 83
Property Located Between: Walker & Denham Springs
Property Condition: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,907 23,639 51,542
Median Age: 28.85 32.23 33.37
Households: 1,985 8,373 18,526

Contact

Photograph of Listing Agent

Randy L Herring

Derbes Falgoust Commercial Real Estate, LLC Baton Rouge, LA 70809
LACDB Member
Photograph of Listing Agent

Mike Gennaro

Derbes Falgoust Commercial Real Estate, LLC Baton Rouge, LA 70809
LACDB Member
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