For sale at an attractive CAP rate of 11.4% is a great investment opportunity in a solid rental market. Located in Jennings, LA is a 26 lot mobile home park on over 4 acres and access to city utilities such as water, sewer and electricity. There are a total of 21 park owned homes ranging in age and rental income and 5 rental lots (2 of which are for RV/campers). The park is currently located directly South and adjacent to the new Jennings Elementary School site that has undergone financing and design approvals. The footprint of the park is small with room for expansion on the exisiting 4 acres.
Off market
Street View
$432,000
1835 S Lake Arthur Ave LOT 26, Jennings, LA 70546
--beds
0baths
176,418sqft
MultiFamily
Built in ----
-- sqft lot
$432,000 Zestimate®
$2/sqft
$977 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced air, Electric
Cooling
- Central, Wall
Appliances
- Included: Dishwasher, Dryer, Range / Oven, Refrigerator, Washer
Interior area
- Structure area source: Owner
- Total interior livable area: 176,418 sqft
Property
Features
- Exterior features: Other
Lot
- Size: 4.05 Acres
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Other
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Jennings
Other
Other facts
- Sewer: Public Sewer
- WaterSource: Public
- Roof: Other
- Appliances: Dishwasher, Refrigerator, Dryer, Washer, Range/Oven - Electric
- HeatingYN: true
- CoolingYN: true
- ConstructionMaterials: Other
- OwnerPays: Sewer, Trash Collection, Water
- CurrentFinancing: Conventional, Cash
- NumberOfUnitsTotal: 26
- ParkingFeatures: Assigned
- BuildingAreaSource: Owner
- LivingAreaSource: Owner
- Cooling: Central Air, Wall Unit(s), Separate Meters
- FoundationDetails: Other
- Heating: Central
- MlsStatus: Pending