Courtesy: Elite Real Estate Advisors
Stephen Gillies
985-974-9267
Investment opportunity to acquire an established 18-site mobile home community in Livingston, Louisiana. Willow Springs MHC offers a straightforward lot-rental model with zero park-owned homes or notes, providing investors with a simplified operating structure and limited exposure to home maintenance and turnover costs. The community is currently 100% occupied, with lot rents at $450 per month. Willow Springs features paved interior roads, off-street parking, a master water meter, and a recently refurbished oxidation pond and collection tanks. The property is situated in Flood Zone AE. Offered at $1,080,000, or $60,000 per existing site, pricing is based on $450 monthly lot rents, a 5% vacancy and delinquency allowance, and a 30% operating expense assumption, resulting in an approximately 6% capitalization rate. With full occupancy, strong collections, no park-owned homes, and recently improved infrastructure, Willow Springs MHC offers investors a stabilized, low-maintenance community with a solid existing income stream and potential for continued long-term growth.
Courtesy: Crescent Sotheby's International Realty
985-345-6802
INVESTOR OPPORTUNITY: Turnkey 6-unit property (THREE 2BR/2BA duplexes) Built in 2022, meticulously maintained and fully leased with strong tenant retention. Brick and Hardie exterior, Laminate flooring throughout, Granite Counters in Kitchens & Baths, Wood Cabinets, Stainless Appliances (Refrigerators provided), indoor utility room tenant-supplied washer & dryers-Tenants pay utilities. Public Park within one mile- Flood Zone X! Quite the "Unicorn" of Multi-Family Investments and virtually maintenance free due to the age & quality construction.
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Livingston is located in Louisiana. Livingston, Louisiana has a population of 1,938. Livingston is more family-centric than the surrounding county with 36.91% of the households containing married families with children. The county average for households married with children is 32.04%.
The median household income in Livingston, Louisiana is $65,000. 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 Livingston is 36.1 years.
The average high temperature in July is 91.9 degrees, with an average low temperature in January of 39.7 degrees. The average rainfall is approximately 62.9 inches per year, with 0.1 inches of snow per year.
