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).
|--||New Value: $850,000|
|8/28/2017 6:18:00 PM|