Mobile Home Park - Very Profitable
Location Louisiana,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $312000
Net Profit / Cash Flow $276000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1995
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training Available.
Reason for Sale Other business interest.
Description Mobile home park for sale with 59 lots is located in a very pleasant area of Southeast, La. Park is about equidistance to both Baton Rouge and New Orleans and is just a short drive of an hour or less down the interstate. Park has 42 park owned mobile homes. Park has about 7.5 acres of land. Sewage is provided by an oxidation pond. There is an onsite manager that is given a lot rental-free as pay. Lot rentals have not been raised in 8 years and are far below market at $135 per month. Other parks in the area charge between $175 and $200 per month.
Ever since Hurricane Katrina, mobile home rental sites have been in big demand. Most political entities, since Katrina, have passed stiff new land use ordinances to inhibit the development of any new parks. With these new ordinances and current rental rates, construction of new parks is not cost effective. Seller is open to substantive offers. Seller will seriously consider and promptly respond to such offers. This will make someone a nice investment. Mobile home parks for sale are becoming very hard to find. They usually do not last long on the market. Act fast. Come see this one, make offer.
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