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Active
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
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