Long-Standing Absentee Owner Mobile Home Park f...

New Orleans Metro, LA

Asking Price: Annual Revenue:
$300,000 $43,790

Miscellaneous: Non-classifiable

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RE: Long-Standing Absentee Owner Mobile Home Park f... Broker: Gary Robinson

Quick Facts

Asking Price: $300,000
Annual Revenue: $43,790
Net Profit: Not Disclosed
Cash Flow: $36,986
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1995
Employees: 1
BBN Listing #: 780164210
Broker Reference #: NEWORLA001-49021

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Business Overview:

Sunbelt Business Brokers of Alexandria presents an opportunity to purchase a multi-unit mobile home park that was established in 1995. The property includes six mobile homes that produce $475-$650 a month per unit in rental income. Also, there are two additional lots that are rented out for $200 a month and both are currently occupied. Located very near New Orleans. They having survived, without damage, eight hurricanes. The Mobile home park sits on approximately ? acre of land and is near several large industrial complexes in the region. Low renter turnover and plenty of local industry have kept these mobile homes full year after year. Total rent collected on an average monthly basis is $3,645. Included in the sale are two on-site storage units, measuring 8'x8' and 10'x10', used mainly for storage of trailer parts and tools by the current owner. These could continue to be used for storage or could be converted into income generating storage facilities for the parks residents. One of the park's longest residents provides on-premises maintenance needed on the property. Continuing this arrangement will allow the new owner to continue to be absentee if they so choose. The new owner's primary responsibility will be to collect monthly rent from your mailbox. This mobile home park is located in a small rural town with outstanding lakes and rivers very close by. Additionally, all of the great food and good life that New Orleans has to offer is nearby. After owning this property for two years, the current owner is using his experience to springboard into bigger opportunities. With consistent monthly rental income and low management requirements, this mobile home park is a great starting point for an aspiring landlord or a great addition for an experienced real estate investor. The owner is willing to assist with financing to the right buyer. Contact us today for more information! Agent is sponsored through Sunbelt Business Brokers of Alexandria, sponsoring broker Brandon Bourgeois, telephone number 225-201-0202. Please contract agent directly for more information.

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Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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