Established Mobile Home Park

Multi-Family for Sale
Catylist Listing ID: 30360076
Property Subtypes: Mobile Home Park
Number of Units: 64 Units
Building Size (RSF): 4,000 SF
Gross Building Area: See Agent
Gross Land Area: 6.38 Acres
Sale Price: $1,100,000
Unit Price: $17,187.50 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/14/2019

Overview / Comments

Multi-Unit Investment Property For Sale in Vidalia, Louisiana. This 6.38-acre property contains 5 houses, 28 park-owned mobile homes, and 31 leased lots - totaling 64 rental units. The property also includes a large workshop, office building, and Washeteria. 9.1% CAP Rate on current income.

Clark Bro’s Rentals is the only significant mobile home rental concentration in the Vidalia city limits, leaving it minutes from all desired amenities. Three major manufacturing facilities are approved for development within the following year, providing a unique future investment opportunity to convert the aforementioned property into workforce housing.

Attachments & Media

Additional Details

Nearest MSA: Natchez
County: Concordia
Tax ID/APN: 0320025150

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,128 13,989 27,340
Median Age: 39.94 41.77 40.38
Households: 1,276 5,983 11,350

Contact

Photograph of Listing Agent

Matt J Galofaro

Latter & Blum Classic Homes & Properties Hammond, LA 70401-0000
LACDB Member
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