Active
MHP/MHC
303 Sandal St, West Monroe, LA 71292, USA
$410,000
Dixieland MHP
Property Description
Jennifer Stein Real Estate, Inc. in conjunction with MHP Brokerage is pleased to present for sale this fully occupied Mobile Home Park in West Monroe, Louisiana. With owner financing being offered, this park is composed of 16 lots, with 15 out of the 16 being tenant-owned homes and all utilities being directly billed from the city. With below-market rents, and the neighboring park across the street also for sale, this is a wonderful investment opportunity for someone to come in and add to their portfolio of rental properties or Mobile home parks!
Investment Highlights
Owner financing available
7% Cap rate
Value add opportunity
Directly billed city utilities
Pet and smoking free
Little to no expenses
Yearly NOI north of $25k