Exceptional investment opportunity — Mobile Home Park with 18 park-owned units. 15 homes built in 2017 or later — each leased at $1,300/month. 3 older models — each leased at $600+/-/month. Consistently maintains 100% occupancy. Owner pays water & sewer; tenants pay electricity. Located in Flood Zone X (low flood risk). 10.2% CAP Rate. 2 Acres. 18 Units. Well-Maintained Property. Expansion potential on adjacent property. Strong performer with a 11.5% CAP rate and $254,950 gross annual income.
Listing courtesy of KW Commercial Baton Rouge.
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