$985,000

1480 Joe Miller Road, Lake Charles, LA 70611, US

Summary

Style: Mobile Home

Moving Quotes

primary photo for 1480 Joe Miller Road, Lake Charles, LA 70611, US

Remarks

Discover a prime investment opportunity with this well-established trailer park for sale.
Situated in a desirable location, this park features a mix of spacious lots, including 2
houses, 4 trailers, 2 duplexes, 1 TOH, and 2 vacant lots, totaling 11 units. The park
boasts a solid infrastructure with updated state and parish sewer permits.
Currently, rents are at close to 85% of the market rate, providing a clear path for
increased revenue by bringing them up to the market standard. With 90% occupancy,
the park grossed $72,366 in 2023, demonstrating strong income potential even with
below-market rents. The easy-to-manage layout and close proximity to Highway 171
make this an attractive option for both seasoned investors and those new to property
management.
There is also potential to increase profitability by introducing charges for lawn services
and water, adding new revenue streams to further enhance returns. Additionally, there's
ample room for value enhancement by upgrading the paved roads and infilling the
vacant lots. This park presents a unique opportunity to maximize returns through
strategic improvements and rent adjustments. Don’t miss out on this promising
investment in a thriving community.

Details

MLS#: SWL24004577
Price: $985,000

Style: Mobile Home

County: Calcasieu
Lot Size: 279x291x50x228x674

Share With Friend






Cancel

Ask a Question







Cancel

Request More Photos







Cancel

Schedule a Showing








Cancel
  • Photo 1
  • Photo 2
  • Photo 3
  • Photo 4
  • Photo 5
  • Photo 6
  • Photo 7
  • Photo 8

Broker Contact

RE/MAX ONE
12836 Highway 171
Longville, LA, 70652
US
Lydia Holland
! (337) 725-4663
! lydia@lydiaholland.com
! Website

Information is believed to be accurate but should not be relied upon without verification.
Data Provided by Greater Southern MLS
Last updated: 2024-07-31T17:00:03.000-05:00.
Privacy Policy