Price at 13% CAP RATE! Pecan Acres Mobile Home Park is located in the heart of Opelousas and sits on 2.5 acres with city water, sewer and concrete roads. The park has undergone extensive infrastructure improvements over the past year and a half with new home pads, new electrical overhead lines, new poles, meters and panels, newperimeter fence around the park with all roads recently resurfaced. The park has 29 total lots consisting of 19 park owned homes with rents ranging from $550-$850/month with a mix of 2 and 3 Bedroom homes. Out of the 10 remaining lots, 8 are currently leased at $200/month with 2 vacant lots. Lot rents are slightly below market and can be increased quickly. Current rental income is $14,600/month and the park has significant value add potential.Tenants pay all utilities. Priced at an 13% CAP rate. Tenants pay all utilities. Priced at an 13% CAP rate.
Sold
Zillow last checked:
Listing updated:
Source: RAA,MLS#: 22004317
Price history
| Date | Event | Price |
|---|---|---|
| 10/3/2024 | Sold | -- |
Source:  RAA #22004317 Report a problem | ||
| 8/2/2024 | Pending sale | $899,000 |
Source: RAA #22004317 Report a problem | ||
| 6/18/2024 | Listed for sale | $899,000-5.4% |
Source: RAA #22004317 Report a problem | ||
| 5/28/2024 | Sold | -- |
Source: Public Record Report a problem | ||
| 5/6/2024 | Pending sale | $950,000 |
Source: RAA #22004317 Report a problem | ||
| 4/22/2024 | Price change | $950,000-4.5% |
Source: RAA #22004317 Report a problem | ||
| 2/7/2024 | Price change | $995,000-8.7% |
Source: RAA #22004317 Report a problem | ||
| 12/20/2023 | Listed for sale | $1,090,000-9.2% |
Source: RAA #22004317 Report a problem | ||
| 5/9/2023 | Listing removed | -- |
Source: RAA #22004317 Report a problem | ||
| 12/14/2022 | Listed for sale | $1,200,000-7.3% |
Source: RAA #22004317 Report a problem | ||
| 5/11/2022 | Listed for sale | $1,295,000 |
Source: RAA #22004317 Report a problem | ||
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Sell for more on Zillow
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$127,500
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+$2,550
With Zillow Showcase(estimated)
$130,050
