Tammany Mobile Home Park

41662 Hwy 190 East, Slidell, LA 70461
Multi-Family for Sale
Tammany Mobile Home Park
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


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


Photograph of Listing Agent

Chris Shaheen

Marcus & Millichap Baton Rouge, LA 70810
LACDB Member
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