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400 Raymond Street

Opelousas, LA 70570
  • $995,000
  • STATUS: Active
  • ON SITE: 711 Days
  • MLS #: 22004317
$995,000
  • 0
    BEDS
  • 2.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Manufactured Home
County:
Area:
L2

School Information

Elementary School:
Middle School:
High School:

Description

Price at 13% CAP RATE! Pecan Acres Mobile Home Park is located in the heart of Opelousas and sits on 2.5 acres with city water, sewer and concrete roads. The park has undergone extensive infrastructure improvements over the past year and a half with new home pads, new electrical overhead lines, new poles, meters and panels, newperimeter fence around the park with all roads recently resurfaced. The park has 29 total lots consisting of 19 park owned homes with rents ranging from $550-$850/month with a mix of 2 and 3 Bedroom homes. Out of the 10 remaining lots, 8 are currently leased at $200/month with 2 vacant lots. Lot rents are slightly below market and can be increased quickly. Current rental income is $14,600/month and the park has significant value add potential. Tenants pay all utilities. Priced at an 13% CAP rate.

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Licensed by the State of Louisiana, USA.
Parish Realty Acadiana || (337) 735-1223 || Lafayette, LA
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Realtor® Association of Acadiana’ MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable, but not guaranteed accurate. Data last updated 2024-04-21T12:32:34.433.
www.parishrealty.co/homes/128600502
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400 Raymond Street Opelousas, LA 70570

  • Price: $995,000
  • Status: Active
  • On Site: 711 Days
  • MLS #: 22004317
0
Beds
0
Baths
0
½ Baths
2.5
Acres
Neighborhood:
None
County:
St Landry
Area:
L2
Elementary School:
Call School Board
Middle School:
Call School Board
High School:
Call School Board
Property Description
Price at 13% CAP RATE! Pecan Acres Mobile Home Park is located in the heart of Opelousas and sits on 2.5 acres with city water, sewer and concrete roads. The park has undergone extensive infrastructure improvements over the past year and a half with new home pads, new electrical overhead lines, new poles, meters and panels, newperimeter fence around the park with all roads recently resurfaced. The park has 29 total lots consisting of 19 park owned homes with rents ranging from $550-$850/month with a mix of 2 and 3 Bedroom homes. Out of the 10 remaining lots, 8 are currently leased at $200/month with 2 vacant lots. Lot rents are slightly below market and can be increased quickly. Current rental income is $14,600/month and the park has significant value add potential. Tenants pay all utilities. Priced at an 13% CAP rate.
Exterior Features

Construction Materials FrameAluminum SidingVinyl Siding Foundation Details Other Parking Total 0

Interior Features

Building Area Total 0 Cooling Central AirWindow Unit(s) Cooling YN Yes Heating Central Heating YN Yes

Property Features

Current Monthly Income 14600 Current Occupancy 97 Listing Agreement Exclusive Right Listing Terms CashConventional Mineral Rights Conveyed Occupant Type Tenant Property Condition Other - See Remarks Property Sub Type Mobile Home Park Sewer Public Sewer Water Source Public

Courtesy of NAI Latter & Blum: 337-233-9541. Listing information © 2024 REALTOR® Association of Acadiana MLS. All rights reserved.


Licensed by the State of Louisiana, USA.
Parish Realty Acadiana || (337) 735-1223 || Lafayette, LA
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Realtor® Association of Acadiana’ MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable, but not guaranteed accurate. Data last updated 2024-04-21T12:32:34.433.
 
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