Mixed-Use Land for Sale in Lake Charles, Louisiana

1480 Joe Miller Rd Lake Charles, LA 70611

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$985,000
Active sale agoEst $7,654/mo

Discover a prime investment opportunity with this well-established trailer park for sale.

Situated in a desirable location, this park features a mix of spacious lots, including 2

houses, 4 trailers, 2 duplexes, 1 TOH, and 2 vacant lots, totaling 11 units. The park

boasts a solid infrastructure with updated state and parish sewer permits.

Currently, rents are at close to 85% of the market rate, providing a clear path for

increased revenue by bringing them up to the market standard. With 90% occupancy,

the park grossed $72,366 in 2023, demonstrating strong income potential even with

below-market rents. The easy-to-manage layout and close proximity to Highway 171

make this an attractive option for both seasoned investors and those new to property

management.

There is also potential to increase profitability by introducing charges for lawn services

and water, adding new revenue streams to further enhance returns. Additionally, there's

ample room for value enhancement by upgrading the paved roads and infilling the

vacant lots. This park presents a unique opportunity to maximize returns through

strategic improvements and rent adjustments. Don't miss out on this promising

investment in a thriving community.

Directions

From 171, Head West on Joe Miller for about two miles and properties will be on North side of road

Location

Street Address
1480 Joe Miller Rd
Elevation
20 feet
Coordinates
30.3462, -93.2289

Property details

MLS Number
GSMLS SWL24004577
Date Posted

Parcels

  • 00007315

Resources

This property is located at 1480 Joe Miller Rd in Lake Charles, LA 70611 with latitude 30.3462 and longitude -93.2289. The property is currently available for sale for $985,000. Listing data is sourced from Greater Southern MLS # SWL24004577.

Verify sale details at the property source or contact RE/MAX One at (337) 794-7848.

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Copyright (C) 2024 Greater Southern MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Updated . Checked 2 hours ago. Parcel data by Regrid.

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