$900,000
$1,500,000
40.0%For more information regarding the value of a property, please contact us for a free consultation.
41149 HIGHWAY 42 Highway Prairieville, LA 70769
1 SqFt
Key Details
Sold Price $900,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $900,000
Subdivision Galvez
MLS Listing ID 2024018242
Sold Date 12/16/24
Lot Size 5.620 Acres
Lot Dimensions 5.62 Acres
Property Description
Discover a lucrative investment opportunity with this well-established 30-lot mobile home park located in the desirable Prairieville, LA. Nestled in a community renowned for its top-rated schools, this mobile home park offers consistent cash flow and a strong rental history, making it a stable income source for investors. The park owns 7 of the mobile homes, which will be conveyed with the property at no value and without warranty. Although the park has room for an additional 15 lots, it is important to note that these are not currently approved by the parish. While approval is possible, it must be presented to the planning commission in a public hearing. The new owner may be required to bring the entire park up to current code and standards in order to approve the additional lots. Each lot is spacious and provides ample room for mobile homes, ensuring high demand from prospective tenants. The park features a septic tank every two lots and an oxidation pond in the rear. According to the parish, the current sewage system's sale will not necessarily require any revisions to the sewer permit. However, all sewer plants, modifications, and related systems must be maintained and comply with their LDH discharge permit each year prior to park license renewal. Please note that this property is being sold as-is, with no owner financing available. Don't miss out on this exceptional investment opportunity in a thriving area—secure your future with this profitable mobile home park today! *****Please be advised that no one is to communicate with the park tenants regarding the sale of the mobile home park. All inquiries and communications must go through the listing agent. It is crucial to maintain a high level of confidentiality throughout this process. Thank you for your cooperation*****
Location
State LA
Parish Ascension
Area Asc Mls Area 90
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Bought with Engel & Volkers Baton Rouge