Come check out this Income-Producing Mobile Home Portfolio Investment! This is a great cash-flowing investment opportunity featuring four tenant-occupied mobile homes across five lots, with a fifth lot currently vacant and ready for expansion. The vacant lot has already been approved through the permit office, allowing a buyer to add an additional mobile home and increase future rental income. Current rents are $1,050 per month for three of the units and $975 per month for the fourth unit, with the fifth lot vacant. The mobile homes were built in 1978, 1982, 1995, and 1999, and three of the four units have had new A/C systems installed within the last three years, offering added value and reduced near-term maintenance. This portfolio is ideal for an investor seeking immediate income with upside potential through additional development.
There are a total of four rental spots with separate meters for water & electrical The apartment is a 5th rental with its own meter also. All tenants have vacated and property is being cleaned up and readied for new investors. There are 3 sewer systems which service the lots( two on each plus one for apartment)
Exceptional investment opportunity — Mobile Home Park with 18 park-owned units. 15 homes built in 2017 or later — each leased at $1,300/month. 3 older models — each leased at $600+/-/month. Consistently maintains 100% occupancy. Owner pays water & sewer; tenants pay electricity. Located in Flood Zone X (low flood risk). 10.2% CAP Rate. 2 Acres. 18 Units. Well-Maintained Property. Expansion potential on adjacent property. Strong performer with a 11.5% CAP rate and $254,950 gross annual income.
Completely renovated in 2016. No carpet. All four units are occupied by tenants. Great for someone to purchase to live in one unit and rent the other three out. Nice view of Lake and they are located near I-12 exit/Bass Pro.
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Denham Springs is located in Louisiana. Denham Springs, Louisiana has a population of 9,389. Denham Springs is less family-centric than the surrounding county with 24.76% of the households containing married families with children. The county average for households married with children is 32.04%.
The median household income in Denham Springs, Louisiana is $79,646. The median household income for the surrounding county is $71,547 compared to the national median of $69,021. The median age of people living in Denham Springs is 36.4 years.
The average high temperature in July is 91.7 degrees, with an average low temperature in January of 40 degrees. The average rainfall is approximately 63.2 inches per year, with 0.1 inches of snow per year.