Multi-Family Trailer Park For Sale in Denham Springs, LA

This is an asset sale listing for a well-maintained Multi-Family Trailer Park located in Denham Springs, Louisiana. The park features 18 park-owned mobile homes, with 13 newer models from 2016 and 3 older models. The property boasts 100% occupancy, with 11 newer homes leased at $1,300/month each, 2 newer homes operating as Air B&Bs generating approximately $3,600/month combined, and 3 older homes leased at $600/month each. The landlord covers water and sewer costs, while tenants are responsible for electricity. Situated in Flood Zone X, this opportunity presents an attractive 10.6% CAP rate, making it a compelling investment for those looking to acquire an established residential rental business.