Description
This is a great investment opportunity with a cap rate over 10% - two (2) occupied Mobile homes on 3/4 of an acre in Flood Zone X. One rents for $950 per month and the other rents for $925 per month with a total annual revenue of $22,500.00. Both are long term tenants and have a great payment history. Tenants pay their own electricity - LL pays water - Drive by and look. DO NOT DISTURB TENANTS. LL will be happy to talk to prospective buyers but no showings will be allowed without an accepted offer.
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0BEDS
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0.78ACRES
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0BATHS
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01/2 BATHS
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2,442SQFT
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$72$/SQFT
Description
This is a great investment opportunity with a cap rate over 10% - two (2) occupied Mobile homes on 3/4 of an acre in Flood Zone X. One rents for $950 per month and the other rents for $925 per month with a total annual revenue of $22,500.00. Both are long term tenants and have a great payment history. Tenants pay their own electricity - LL pays water - Drive by and look. DO NOT DISTURB TENANTS. LL will be happy to talk to prospective buyers but no showings will be allowed without an accepted offer.
© 2024 Multiple Listing Service of the Greater Baton Rouge Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Deluxe Properties. Data last updated: 2024-12-07T14:32:32.37. Licensed in the State of Louisiana, USA. Deluxe Properties || (225) 410-0200 || Baton Rouge, LA
Listing provided courtesy of 1st Class Real Estate Greater Capital Area: 225-396-5874 .© 2024 Multiple Listing Service of the Greater Baton Rouge Association of REALTORS®, Inc. All rights reserved. Information Deemed Reliable but Not Guaranteed.