42553 HWY 42 $850,000

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    42553 HWY 42 Prairieville, LA 70769

    • 4.39 Acres
    • Commercial
    MLS# 2017013634 | Active

    $850,000

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    Days On Market: 540 11 Views
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    Property Details

    PRICE REDUCED!!! GREAT INVESTMENT OPPORTUNITY!!! The park consists of 4.39 acres with 30 mobile home pads. Prior to the 2016 flood there were park-owned mobile homes that were rented consistently for more than a decade. After the flood those mobile homes were removed and the park upgraded for FEMA trailers, including the septic system (which could be taken over by the city/parish) and utilities. The homes that remain are FEMA trailers and those will be removed in the near future, but as of now there is no definite date. FEMA leases the pads for $1,100 each or $6,600 per month. I have included under the Documents tab two pro-forma income statements. One is based on renting only the pads. The other is based on purchasing and renting out 30 trailers (the cost of new trailers is included in the CAP rate calculation).

    • General Features
      • Parking Assigned Park
    • Building Features
      • Cooling No Cool
      • Heating No Heating
      • Exterior None
      • Roof Other Roof
      • Foundation Other Foundation
      • Electricity Individ Meter Elec
    • Property Features
      • Water Sewer Individual Meter Water
      • Mineral Rights CONVEYED
      • Gas Gas: None

    Contact

    Victoria Haddad

    Sales Associate

    RE/MAX Plus

    Cell: 225-270-5579

    Neighborhood

    70769 (Prairieville) Demographics

    34Median Age
    826Population Density (per sq. mile)
    45%College Educated
    $87,820Estimated Median Income
    11,957Estimated Total Home Owners
    1,539Estimated Total Renters
    89% / 11%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    40,014Total Population

    Market Last 30 Days

    $232,352 Median Sales Price
    58 Homes Sold
    60 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $850,000
        8/28/2017 6:18:00 PM New in Database Source

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        Listings marked with the GBRAR-approved BX icon are provided courtesy of the Greater Baton Rouge Association of Realtors, Inc. (Terms of Use). The BX Program of the Greater Baton Rouge Association of Realtors, Inc. only contains a portion of all active MLS Properties. Copyright 2019 GBRAR MLS Broker Exchange Database. All information provided is Deemed Reliable but Not Guaranteed and should be independently verified.