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Listed byElite Real Estate Advisors • Stephen W Gillies • 985-542-7601
$1,080,000
Est. payment /mo
107,203 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 107,203 sqft
Price per Sqft $10
MLS Listing ID 2577970
HOA Y/N No
Year Built 2020
Lot Dimensions 2.8 ac
Property Sub-Type Commercial
Source ROAM MLS
Land Area 107203
Property Description
Investment opportunity to acquire an established 18-site mobile home community in Livingston, Louisiana. Willow Springs MHC offers a straightforward lot-rental model with zero park-owned homes or notes, providing investors with a simplified operating structure and limited exposure to home maintenance and turnover costs. The community is currently 100% occupied, with lot rents at $450 per month. Willow Springs features paved interior roads, off-street parking, a master water meter, and a recently refurbished oxidation pond and collection tanks. The property is situated in Flood Zone AE. Offered at $1,080,000, or $60,000 per existing site, pricing is based on $450 monthly lot rents, a 5% vacancy and delinquency allowance, and a 30% operating expense assumption, resulting in an approximately 6% capitalization rate. With full occupancy, strong collections, no park-owned homes, and recently improved infrastructure, Willow Springs MHC offers investors a stabilized, low-maintenance community with a solid existing income stream and potential for continued long-term growth.
Location
State LA
County Livingston
Zoning RES
Direction I-12 W to Satsuma, so South, park mon right
Interior
Fireplace No
Exterior
Utilities Available Natural Gas Not Available
Garage No
Building
Water Public
New Construction No
Others
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