2653 Old Deridder HwyLake Charles, LA 70615

This 9-acre mobile home park in Lake Charles, Louisiana (APN 932922), presents a compelling value-add investment opportunity. The property, built in the 1980s and renovated in 2023, boasts 52 spaces with concrete roads and two-car driveways on each pad. Currently at 40% occupancy (as of September 24, 2024), the park features 16 tenant-owned homes and 5 park-owned homes, leaving 31 vacant spaces for potential infill. Lot rents range from $230 to $350, while park-owned homes rent from $800 to $1,300. Significant upside potential exists through rent increases, filling vacant spaces, and implementing charges for water and trash services (currently included in rent). The park is serviced by city water and has an on-site treatment pond with quarterly testing. Tenants are responsible for their own electric service. Existing property management is in place, receiving 6% of gross income. The park's convenient location is just half a mile from a Walmart Supercenter. Prior approval is required before visiting the property. The property is situated at 2653 Old Deridder Hwy, Lake Charles, LA 70615.