For sale at an attractive CAP rate of 11.4% is a great investment opportunity in a solid rental market. Located in Jennings, LA is a 26 lot mobile home park on over 4 acres and access to city utilities such as water, sewer and electricity. There are a total of 21 park owned homes ranging in age and rental income and 5 rental lots (2 of which are for RV/campers). The park is currently located directly South and adjacent to the new Jennings Elementary School site that has undergone financing and design approvals. The footprint of the park is small with room for expansion on the exisiting 4 acres.
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