23805 HIGHWAY 430 Highway, Franklinton, LA 70438
sale
$1,350,000
|
Other
Courtesy Of Epique Realty
Hands Down The Best MOBILE HOME PARK on The Market, Runs Like a Well Oiled Machine & Has Even More Room To Grow!
Even If You Have Never Considered a Mobile Home Park, You've Got To Come See This Place, The Possibilities & Cashflow Are Endless!
The 5.67 Acers Of Land Alone Are Worth But It Comes With 23 Mobile Homes (20 Park Owned-Units, 2 Tenant-Owned Units & 1 Unit This is on a Rent-To-Own Contract).
Get This, Each Mobile Home Has Its Own Water Meter and Water is City Sourced by Franklinton Water Corporation.
Aggressive Improvements Have Resulted in Higher Rents with New Tenants & The Average Monthly Income is Trending Upward!
The Park Has a Great Reputation Making It Easier To Keep Peak Occupancy!
Respected Park Manager On Site For The Past 2.5 Years So This Place Is Turn-Key-Ready!
Section 8 Approved But Only 2 Tenants Have OnBoarded Into The Program, Leaving You With Opportunity To Further Increase Rents.
The Park is 2 Miles From The Center of The City!
If There Are Any Eye Sores To Speak Of, Some of Skirting on Some of The Trailers But That's Really It, The Grounds Have Been Well Maintained and You Are Picking This Place Up at The Perfect Time!
The Location Can't Be Beat, The Size of The Park is Just Right With Plenty of Profit and Minimum Maintenance. Two Storage Sheds Will Remain As Well.
Average Monthly Income
Last 3 months: $13,101
Last 6 months: $12,700
Last 12 months: $11,600
Way Too Many Details To List, Pass By The Park and Check It Out Or Call With Any Questions!
Even If You Have Never Considered a Mobile Home Park, You've Got To Come See This Place, The Possibilities & Cashflow Are Endless!
The 5.67 Acers Of Land Alone Are Worth But It Comes With 23 Mobile Homes (20 Park Owned-Units, 2 Tenant-Owned Units & 1 Unit This is on a Rent-To-Own Contract).
Get This, Each Mobile Home Has Its Own Water Meter and Water is City Sourced by Franklinton Water Corporation.
Aggressive Improvements Have Resulted in Higher Rents with New Tenants & The Average Monthly Income is Trending Upward!
The Park Has a Great Reputation Making It Easier To Keep Peak Occupancy!
Respected Park Manager On Site For The Past 2.5 Years So This Place Is Turn-Key-Ready!
Section 8 Approved But Only 2 Tenants Have OnBoarded Into The Program, Leaving You With Opportunity To Further Increase Rents.
The Park is 2 Miles From The Center of The City!
If There Are Any Eye Sores To Speak Of, Some of Skirting on Some of The Trailers But That's Really It, The Grounds Have Been Well Maintained and You Are Picking This Place Up at The Perfect Time!
The Location Can't Be Beat, The Size of The Park is Just Right With Plenty of Profit and Minimum Maintenance. Two Storage Sheds Will Remain As Well.
Average Monthly Income
Last 3 months: $13,101
Last 6 months: $12,700
Last 12 months: $11,600
Way Too Many Details To List, Pass By The Park and Check It Out Or Call With Any Questions!
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Property Features
- Architecture Style: Other
- Legal Description: 5.607 ACRES IN SECTION 24-2-10
- MLSID: 2469105
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