42553 Hwy 42, Prairieville, LA
Mobile Home Park for Sale - $1,250,000 - 49299.44 acres
Property Info
| CIMLS# | 780775 |
| Location 42553 Hwy 42 Prairieville LA 70769 | |
| Updated | May 22nd, 2015 |
| Type | Mobile Home Park |
| Price | $1,250,000 |
| Land | 49299.44 acres |
Property Description
Mobile Home Park in great location on Hwy 42 in Prairieville, LA with upside potential. Growing demand for multi-family housing and lack of supply in Ascension Parish makes this a great opportunity for an investor.
33 Trailer Spaces. 3 Camper Spaces. 21 Park Owned Trailers. 4.27 Acre Site. New Sewer System put in place 2 years ago. Road running through the park is a public road (Blanche Road) which is maintained by the Parish.
Currently Operating at 89% Occupancy. The Park Produces an Average Monthly Gross Income of $18,814. Projected Gross Income for 2015 is $225,768
Location Description:
Located on Hwy 42 in Prairieville, LA. 2 Miles NE of Hwy 44.
Highlights:
>> 2015 Projected Gross Income: $225,768
>> Avg. Monthly Gross Income: $18,814
>> Occupancy: 89%
>> 33 Trailer Spaces
>> 3 Camper Spaces
>> 21 Park Owned Trailers
>> New Sewer System
>> Public Road Maintained by Parish
>> 4.27 Acre Site
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Financials
Sales Info:
>> Cap rate: 12.37%
>> Commision split: 2.5%
>> NOI: $154568