108 Peach LnBelle Chasse, LA 70037

Property Details for 108 Peach Ln

Lot size

8.85 AC

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Belle Chasse

County

Plaquemines Parish

State

Louisiana

Latitude

29.7694

Longitude

-90.0298

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