Catylist ID:
#30835143
Tammany Mobile Home Park
41662 Hwy 190 East, Slidell, LA 70461
Multi-Family
for Sale
| Catylist Listing ID: | 30835143 |
| Property Subtypes: | Mobile Home Park |
| Number of Units: | 217 Units |
| Building Size (RSF): | 999 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 35 Acres |
| Sale Price: | $999 |
| Unit Price: | $4.60 Per Unit |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller, Owner Financing |
| Cap Rate: | Undisclosed |
| Last Updated: | 2/28/2023 |
Overview / Comments
|
• $85,000 Spent in capital improvements in the past 36 months upgrading and Resurfacing asphalt • 28 Park owned homes that are all 2016 models • Park owned homes include stove, refrigerator, A/C, and heat provided • 120 Tenant owned homes with an average age of 22 years old • Property is in a FEMA flood zone • Sewage treatment is privately owned by the park •Water provided from well 2,000 ft deep and included in rent/soon to be taken over by City • Park pays for trash removal through Coastal Enviromental •Roads are paved |
Attachments & Media
Financials
| Finance Data Year | 2023 |
|---|---|
| Real Estate Taxes - Annual($) | $17,585 (Annual) |
| Potential Rental Income | $10,931,400 (Annual) |
| Gross Operating Income | $740,952 (Annual) |
| Net Operating Income | $461,566 (Annual) |
| Actual or Proforma Year | Actual |
Additional Details
| Nearest MSA: | New Orleans-Metairie |
| County: | Saint Tammany |
| Percent Occupied: | 70% |
| Highway Access: | I-10 |
| Property Condition: | Good |
| Water Service: | Well |
| Sewer Type: | Septic |
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