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8524 Lockhart Rd Denham Springs, LA 70726
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Key Details
Sold Price $499,900
Property Type Mobile Home
Sub Type Mobile Home Park
Listing Status Sold
Purchase Type For Sale
Square Footage 5,840 sqft
Price per Sqft $85
Subdivision Magnolia Estates
MLS Listing ID 2024020431
Lot Size 1.230 Acres
Property Description
Great investment opportunity with 7 manufactured homes that have been well-maintained on approximately 350x153 tract of land. The location is convenient to Range Rd and Magnolia Bridge Road. There are 6 consisting of 3 bedrooms, 2-bath, and 1 consisting of 2-bedroom, 1-bath. Unit 7 is 840 sq. ft. and $900 a month in rent. Each has an 8'x10' covered porch and designated parking. The property side and rear perimeter have a 6' privacy fence. Water and Sewer are public and tenant is responsible for their own utilities. Six residents are currently leased with one available for lease. The current gross rent for 6 leased residents is $5,400 per month. Potential Gross rent of $6,275 per month or $75,300 per year before expenses. Investor return estimate can be provided. All appliances to remain. Don't miss your opportunity to own this incredible investment opportunity.
Location
State LA
County Livingston
Interior
Heating Central
Cooling Central Air
Exterior
Garage Spaces 14.0
Fence Privacy, Wood
Roof Type Shingle,Composition
Building
Story 1
Foundation Pillar/Post/Pier
Sewer Public Sewer
Water Public
Schools
Elementary Schools Livingston Parish
Middle Schools Livingston Parish
High Schools Livingston Parish
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition As Is
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