Multifamily Property for Sale in Denham Springs, LA
- Price: $1.7M
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Denham Springs, LA 70726
Description
Mobile Home Park For Sale. Park consists of 18 park owned mobile homes. 13 mobile homes are 2016 models and 3 are older models. Of the 13 newer homes, 11 are leased at $1,300 monthly each and 2 are leased as Air B&B generating approximately $3,600 monthly income. The 3 older models are leased at $600 monthly each. The park averages 100% occupancy. Landlord pays water & sewer. Tenants pay electric. Located in Flood Zone X. This is an outstanding opportunity at a 10.6 CAP rate. Contact agent for additional information. Land Size: 2.0 Ac | Listing Type: FOR SALE
Market Context
This multifamily in Denham Springs, LA is listed for sale at $1,699,000. It is offered at an approximate 11.5% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 38 days. Compare it against other multifamily listings for sale in Denham Springs, LA — <a href="/search/sale/multifamily/louisiana/denham-springs">view the full market</a>.
Contact
- David Vercher — KW Commercial - BR · +12254053257 · yourccim@kw.com
- David Vercher · +12254053257 · yourccim@kw.com
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