30263 Eden Church Rd, Denham Springs, LA
Mobile Home Park for Sale - $1,925,000 - 2 acres
Agent Info
| David Vercher, CCIM KW Commercial |
Property Info
| CIMLS# | 1175557 |
| Location 30263 Eden Church Rd Denham Springs LA 70726 | |
| Updated | May 2nd, 2025 |
| Type | Mobile Home Park |
| Price | $1,925,000 |
| Land | 2 acres |
Property Description
Mobile Home Park For Sale. Park consists of 18 park owned mobile homes. 13 mobile homes are 2016 models and 3 are older models. Of the 13 newer homes, 11 are leased at $1,300 monthly each and 2 are leased as Air B&B generating approximately $3,600 monthly income. The 3 older models are leased at $600 monthly each. The park averages 100% occupancy. Landlord pays water & sewer. Tenants pay electric. Located in Flood Zone X. This is an outstanding opportunity at a 10.6 CAP rate. Contact agent for additional information.
- 10.6% CAP RATE
- 2 Acres
- 18 Homes
- Well Maintained
Financials
Gross Income: $267,600
Net Income (NOI): $204,763
Cap Rate: 10.6%