1795 Smede Hwy, Broussard, LA 70518

Property Description

Spanning 13+ acres with a public road (Whitney Dr) running down the center, the property features 98 lots platted with St. Martin Parish and a 3.18-acre oxidation pond at the rear. Utilities include individual water meters supplied by the local water district (tenant-paid water and trash, with no sewer charges passed to tenants), ongoing AT&T fiber-optic internet installation, and a 24x24 covered mailbox and school bus stop. The park purchases 18-inch culverts installed by the Parish at no cost, currently extending nearly three-quarters of the way down Whitney Drive. Offering strong expansion and revenue potential, a 1-acre lot with 262 feet of frontage on Hwy 92 is platted for an additional 10 lots or flexible commercial use, such as a convenience store. Facilities include a 36x36 storage building with a 12x36 rough-end framed for a future apartment build-out, an 8x40 Connex unit, and an assortment of included tools and park equipment--featuring a 38 hp Kubota tractor with attachments (front-end loader, Bush Hog, box scraper, auger, discs, tiller), two 60-inch zero-turn mowers (Kubota diesel and X-Mark gas), an electric golf cart, and eight 200-amp electrical panels with conduit. Purchased four years ago and accepting units for three years following a complete one-year revamp, 48 lots are currently collecting fees. Standard lot rent is $475 per month for approximately 40' x 100'+ deep lots, with adjusted rates for units occupying 1.5 or 2 lots. All mobile homes are tenant-owned except for one park-owned 8x32 unit with a slide-out (currently rented at $400/month). An optional $40/month tenant grass-cutting service is also offered. New mobile homes are automatically accepted, and units under five years old require prior inspection