Commercial Land for Sale in Franklinton, Louisiana

23805 Highway 430 Franklinton, LA 70438

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$1,350,000
5.61 acres
Active sale agoEst $10,491/mo

Hands Down The Best MOBILE HOME PARK on The Market, Runs Like a Well Oiled Machine & Has Even More Room To Grow!

Even If You Have Never Considered a Mobile Home Park, You've Got To Come See This Place, The Possibilities & Cashflow Are Endless!

The 5.67 Acers Of Land Alone Are Worth But It Comes With 23 Mobile Homes (20 Park Owned-Units, 2 Tenant-Owned Units & 1 Unit This is on a Rent-To-Own Contract).

Get This, Each Mobile Home Has Its Own Water Meter and Water is City Sourced by Franklinton Water Corporation.

Aggressive Improvements Have Resulted in Higher Rents with New Tenants & The Average Monthly Income is Trending Upward!

The Park Has a Great Reputation Making It Easier To Keep Peak Occupancy!

Respected Park Manager On Site For The Past 2.5 Years So This Place Is Turn-Key-Ready!

Section 8 Approved But Only 2 Tenants Have OnBoarded Into The Program, Leaving You With Opportunity To Further Increase Rents.

The Park is 2 Miles From The Center of The City!

If There Are Any Eye Sores To Speak Of, Some of Skirting on Some of The Trailers But That's Really It, The Grounds Have Been Well Maintained and You Are Picking This Place Up at The Perfect Time!

The Location Can't Be Beat, The Size of The Park is Just Right With Plenty of Profit and Minimum Maintenance. Two Storage Sheds Will Remain As Well.

Average Monthly Income

Last 3 months: $13,101

Last 6 months: $12,700

Last 12 months: $11,600

Way Too Many Details To List, Pass By The Park and Check It Out Or Call With Any Questions!

Location

Street Address
23805 Highway 430
Elevation
197 feet
Coordinates
30.8669, -90.1589

Property details

Zoning
Mhp
MLS Number
NOMAR 2469105
Date Posted

Legal description

This 5.61-acre property is located at 23805 Highway 430 in Franklinton, LA 70438 with latitude 30.8669 and longitude -90.1589. The property is currently available for sale for $1,350,000 with a price per acre of $240,770. Listing data is sourced from Gulf South Real Estate Information Network # 2469105.

Verify sale details at the property source or contact Epique Realty at (888) 893-3537.

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Copyright (C) 2024 Gulf South Real Estate Information Network. 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 46 mins ago. Parcel data by Regrid.

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