5 Rental Units on 5.13 acres in Ascension Parish

Multi-Family for Sale
Catylist Listing ID: 30753397
Property Subtypes: Mobile Home Park
Number of Units: 5 Units
Building Size (RSF): 2,400 SF
Gross Building Area: See Agent
Sale Price: $475,000
Unit Price: $95,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/10/2021

Overview / Comments

Three lots subdivided with four mobile homes & one 2400 sf house in Ascension Parish. St. Amant school district. Currently collecting $5,000 mo in rents. There are separate meters on the units so the tenants pay the utilities. Currently the landlord is charging less than market value on rents, so this would be a value added investment! The lot in the rear of the property has electric & septic system already on the property & could be used to bring another mobile home for a rental or build a house. The rear lot is accessible by a gravel driveway. There is plenty of space on the large lot to build a shed for a storage/work area.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $1,927 (Annual)
Potential Rental Income $72,000 (Annual)
Gross Operating Income $60,000 (Annual)

Additional Details

Nearest MSA: Baton Rouge
County: Ascension
Submarket/Township: 91
Tax ID/APN: 8311600
Percent Occupied: 100%
Property Located Between: St. Amant & Gonzales
Total Number of Buildings: 5
Property Condition: Fair
Number of Stories: 1
Construction/Siding: Brick
Zoning Description: Residential
Sewer Type: Septic
Legal Description: .63 AC. SEC. 14-9-3, LOT 1-B, 3.36 ACRES SEC. 14-9-3, LOT 1-A-1, 1.14 ACRES SEC. 14-9-3, LOT 1-A-2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,073 25,072 65,591
Median Age: 35.22 35.66 34.69
Households: 1,861 9,279 23,642

Contact

Photograph of Listing Agent

Nick Tureau

Engel & Volkers Baton Rouge Baton Rouge, LA 70836
LACDB Member
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