For Sale
$2,033,000

108 Peach LnBelle Chasse, LA 70037

High-Yield Mobile Home Park in Belle Chasse, LA

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 52-unit mobile home and RV park presents a compelling investment opportunity in Belle Chasse, Louisiana. Boasting a strong 95% occupancy rate and a substantial net operating income (NOI) of $203,294, this Class C property offers a compelling 10% capitalization rate at an asking price of $2,033,000. The park sits on a generous 8.85-acre lot and is fully tenant-owned, minimizing maintenance responsibilities. Recent upgrades include a complete sewer line replacement in 2023, ensuring long-term operational efficiency. A modern METRON meter system manages water, sewer, and trash services, streamlining operations and billing. The property also includes an additional spacious lot, presenting potential for future expansion and increased revenue. Its prime location in Belle Chasse, near the U.S. Naval Base and Louisiana Air National Guard, ensures high visibility and easy access. Furthermore, the area benefits from significant economic growth, including the recent announcement of a $46 million recycling facility at the Port of South Louisiana, projected to create 197 new jobs. The strong average household income within a one-mile radius, exceeding $110,632, underscores the robust demand and long-term stability of this investment. This turnkey operation offers a rare combination of high yield, low maintenance, and significant growth potential in a desirable location.

Highlights

  • Tenant-owned manufactured home community requiring minimal owner maintenance.
  • City utilities with a METRON meter system for water, sewer, and trash.
  • Sewer lines recently upgraded (2023).
  • Adjacent vacant lot allows for expansion.
  • High visibility and convenient access.
  • Prime location in Belle Chasse, near the US Naval Base and Louisiana Air National Guard.

Property Details for 108 Peach Ln

Property type
Mobile home & RV parks
Class
C
Lot Size (sq. ft)
385,506 SF
Units
52

Location Insight

City
Belle Chasse
County
Plaquemines Parish
State
Louisiana
Latitude
29.769398760258
Longitude
-90.029823663718
108 Peach Ln, Belle Chasse, Louisiana

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108 Peach Ln
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