5901 Texas StBossier City, LA 71111

Property Details for 5901 Texas St

Year built

2017

Lot size

11.64 AC

Property size (Sq ft)

1,064 SF

Property type

Residential income properties

Property subtype

Mobile home & RV parks

APN

201639

APU

201639

Description

Bayou Mobile Estates presents a compelling investment opportunity in Bossier City, Louisiana. This Class B mobile home park encompasses 13.55 acres and features 80 pads, with 76 park-owned homes (POH) and 4 tenant-owned homes (TOH). Currently operating at 65% occupancy (projected to increase), the park boasts a strong rental market fueled by the nearby Barksdale Air Force Base and robust local economy. The property enjoys city water, sewer, and trash services

• CAP approach

  CAP return

  Valuation

  6%

  $362,689

  6.5%

  $334,790

  7%

  $310,876

• Comparable approach

  Method

  Valuation

  Relative Method

  $311,500

  Geo Method

  $117,967

• Alternative Use

  Use

  Valuation

  Residential

  $334,790

  Hospitality

  $306,666

  Educational

  $255,142

  Medical

  $263,917

  Retail

  $396,888

Location Insight

City

Bossier City

County

Bossier

State

Louisiana

Latitude

32.5655

Longitude

-93.7254

CBSA code

43340

CBSA name

SHREVEPORT-BOSSIER CITY, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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