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MHP/MHC

114 Sandal Street, West Monroe, LA, USA

$1,360,000

Oak Valley MHP

Property Description

Jennifer Stein Real Estate, Inc. in conjunction with MHP Brokerage is pleased to present for sale Oak Alley Mobile Home Park in West Monroe, Louisiana. Bringing in north of $140,000 in income each year, with all directly billed utilities from the city, paved roads, manager on site, and below market rents. This is the ideal property for someone to come in and bump rent on day one to increase profits while having a hard

nosed manager on site to continue to run the operation smoothly.

Investment Highlights

  • 5 acre adjacent lot included

  • Directly billed utilities

  • Manager on site

  • 11% Cap rate

  • 91% occupancy

  • NOI north of $140k yearly

Listed By

Kevin Murton

Kevin Murton

Investment Advisor

Contact Agent

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