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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

Listed By

Kevin Murton

Kevin Murton

Investment Advisor, MHP

Contact Agent

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