Description
Discover a prime investment opportunity with this well-established trailer park for sale.Situated in a desirable location, this park features a mix of spacious lots, including 2houses, 4 trailers, 2 duplexes, 1 TOH, and 2 vacant lots, totaling 11 units. The parkboasts a solid infrastructure with updated state and parish sewer permits.Currently, rents are at close to 85% of the market rate, providing a clear path forincreased revenue by bringing them up to the market standard. With 90% occupancy,the park grossed $72,366 in 2023, demonstrating strong income potential even withbelow-market rents. The easy-to-manage layout and close proximity to Highway 171make this an attractive option for both seasoned investors and those new to propertymanagement.There is also potential to increase profitability by introducing charges for lawn servicesand water, adding new revenue streams to further enhance returns. Additionally, there'sample room for value enhancement by upgrading the paved roads and infilling thevacant lots. This park presents a unique opportunity to maximize returns throughstrategic improvements and rent adjustments. Dont miss out on this promisinginvestment in a thriving community.
School Ratings & Info
Description
Discover a prime investment opportunity with this well-established trailer park for sale.Situated in a desirable location, this park features a mix of spacious lots, including 2houses, 4 trailers, 2 duplexes, 1 TOH, and 2 vacant lots, totaling 11 units. The parkboasts a solid infrastructure with updated state and parish sewer permits.Currently, rents are at close to 85% of the market rate, providing a clear path forincreased revenue by bringing them up to the market standard. With 90% occupancy,the park grossed $72,366 in 2023, demonstrating strong income potential even withbelow-market rents. The easy-to-manage layout and close proximity to Highway 171make this an attractive option for both seasoned investors and those new to propertymanagement.There is also potential to increase profitability by introducing charges for lawn servicesand water, adding new revenue streams to further enhance returns. Additionally, there'sample room for value enhancement by upgrading the paved roads and infilling thevacant lots. This park presents a unique opportunity to maximize returns throughstrategic improvements and rent adjustments. Dont miss out on this promisinginvestment in a thriving community.
© 2024 Southwest Louisiana Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Century 21 Bono Realty. Data last updated: 2024-09-10T07:00:31.613.
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Century 21 Bono Realty || 337-478-1578 || Lake Charles, LA