42553 Hwy 42

    Prairieville, LA 70769
    • $850,000
    • STATUS: Active
    • ON SITE: 473 days
    • ID#: 2017013634
    $850,000
    • 0
      BEDS
    • 4.39
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    PRICE REDUCED!!! GREAT INVESTMENT OPPORTUNITY!!! The park consists of 4.39 acres with 30 mobile home pads. Prior to the 2016 flood there were park-owned mobile homes that were rented consistently for more than a decade. After the flood those mobile homes were removed and the park upgraded for FEMA trailers, including the septic system (which could be taken over by the city/parish) and utilities. The homes that remain are FEMA trailers and those will be removed in the near future, but as of now there is no definite date. FEMA leases the pads for $1,100 each or $6,600 per month. I have included under the "Documents" tab two pro-forma income statements. One is based on renting only the pads. The other is based on purchasing and renting out 30 trailers (the cost of new trailers is included in the CAP rate calculation).

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    © 2018 Multiple Listing Service of the Greater Baton Rouge Association of REALTORS®, Inc. All rights reserved. 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 is deemed reliable but is not guaranteed accurate by the MLS or Patton Brantley Realty Group. Data last updated: 2018-12-14T23:32:10.517.

    Licensed in the State of Louisiana, USA.
    Patton Brantley Realty Group || 225-766-1000 || Baton Rouge, LA
    www.livebr.com/homes/76288062

    42553 Hwy 42 Prairieville, LA 70769

    • Price: $850,000
    • Status: Active
    • ID#: 2017013634
    0
    Beds
    0
    Baths
    0
    ½ Baths
    4.39
    Acres
    Neighborhood:
    Galvez
    County:
    Ascension
    Area:
    Asc Mls Area 90
    Property Description
    PRICE REDUCED!!! GREAT INVESTMENT OPPORTUNITY!!! The park consists of 4.39 acres with 30 mobile home pads. Prior to the 2016 flood there were park-owned mobile homes that were rented consistently for more than a decade. After the flood those mobile homes were removed and the park upgraded for FEMA trailers, including the septic system (which could be taken over by the city/parish) and utilities. The homes that remain are FEMA trailers and those will be removed in the near future, but as of now there is no definite date. FEMA leases the pads for $1,100 each or $6,600 per month. I have included under the "Documents" tab two pro-forma income statements. One is based on renting only the pads. The other is based on purchasing and renting out 30 trailers (the cost of new trailers is included in the CAP rate calculation).
    Exterior Features

    Construction Other Const Exterior Features None Foundation Other Foundation Parking Assigned Park Road Frontage Public Street Front Roof Other Roof

    Interior Features

    Cooling No Cool Heating No Heating Office Sq Ft 0 Retail Sq Ft 0 Warehouse Sq Ft 0

    Property Features

    Apx Age 11-20 Years Business Opportunity No Cam Fee Sq Ft Year 0 Current Use Mobile Home Park Deposit 10000 Electric Individ Meter Elec Est Building Insurance 0 Financing Cash Fin For Lease No Gas Gas: None Hospitality No Industrial No Lease Purchase No Lot Number C-6-A & C-6-B-1 Mineral Rights Conveyed Office No Price Includes Real Estate Property Type Special Purpose Retail No Shopping Center No Special Purpose No Special Sale Type N/A Sq Ft Source Owner Water Sewer Individual Meter Water

    Listing provided courtesy of Pennant Real Estate.© 2018 Multiple Listing Service of the Greater Baton Rouge Association of REALTORS®, Inc. All rights reserved. Information Deemed Reliable but Not Guaranteed.
    © 2018 Multiple Listing Service of the Greater Baton Rouge Association of REALTORS®, Inc. All rights reserved. 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 is deemed reliable but is not guaranteed accurate by the MLS or Patton Brantley Realty Group. Data last updated: 2018-12-14T23:32:10.517.

    Licensed in the State of Louisiana, USA.
    Patton Brantley Realty Group || 225-766-1000 || Baton Rouge, LA
     
    Patton Brantley Realty Group
    10202 Jefferson Hwy. Unit C
    Baton Rouge LA, 70809