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$ 890,000
Est. payment | /mo
8.51 Acres Lot
$ 890,000
Est. payment | /mo
8.51 Acres Lot
Key Details
Property Type Mobile Home
Sub Type Mobile Home Park
Listing Status Active
Purchase Type For Sale
Subdivision Richfield Heights
MLS Listing ID 2600007906
Lot Size 8.510 Acres
Acres 8.51
Property Sub-Type Mobile Home Park
Property Description
Investment opportunity situated on +/-8.51 acres at 100-130 Hermosa Lane. The property consists of 15 park-owned homes, with 6 units currently occupied and 9 vacant, offering significant value-add and lease up potential. Current occupied units generate an average of approximately $1,100 per month per unit. Ownership currently covers garbage service, lawn care, road maintenance, property taxes and insurance. Estimated yearly operating expenses total around $4,000. With existing infrastructure, park owned units, and substantial upside through renovations and increased occupancy, this property offers a opportunity foran investor to improve operations and significantly increase rental income.
Location
State LA
Interior
Interior Features Ceiling Fan(s)
Heating Other
Cooling Other
Appliance Other
Exterior
Roof Type Metal
Building
Foundation Slab
Sewer Private Sewer
Schools
Elementary Schools Ridge
Middle Schools Judice
High Schools Acadiana
Others
Tax ID 6165469
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Listed by Scout Real Estate Co.
Nearby Locations
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