23805 HIGHWAY 430 Highway Franklinton, LA 70438
- Added:
- Oct 4, 2024
- Days on Market:
- 544
- Last Refresh:
- Mar 31 at 6:06 pm
Property Features for 23805 HIGHWAY 430 Highway
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- EntryLevel
- 1
- Standard status
- Active
- Lot size
- 5.61 Acres
Building Details
- Floors in Building
- 1
- Number of units
- 23
- Architectural style
- Other
Listing agent Chad Ghersanich (504) 606-0884
Listing office Epique Realty 650 Poydras St., New Orleans, LA (888) 893-3537
Listing date Oct 4, 2024
MLS# 2469699
Listing URL
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Profitable Mobile Home Park Opportunity
This mobile home park, situated on 5.67 acres, features 23 mobile homes, including 20 park-owned units, 2 tenant-owned units, and 1 unit under a rent-to-own contract. Each mobile home is equipped with its own water meter, with water sourced from Franklinton Water Corporation. The park has undergone improvements resulting in higher rents with new tenants, contributing to an upward trend in average monthly income. The park benefits from a strong reputation, aiding in maintaining high occupancy rates. A respected park manager has been on-site for the past 2.5 years. The park is Section 8 approved, with only 2 tenants currently participating in the program. The property includes two storage sheds. The park is located 2 miles from the center of the city. The average monthly income for the last 3 months is $13,101, for the last 6 months is $12,700, and for the last 12 months is $11,600.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
Map
- City
- Franklinton
- County
- Washington
- State
- Louisiana
- Longitude
- -90.158916
- Latitude
- 30.866875
Nearby Similar for Sale
FAQs
What type of property is this?
Mobile home & RV park - Turn-key mobile home park with room to grow cashflow.
Where is this mobile home & rv park located?
The property is located at 23805 HIGHWAY 430 Highway Franklinton, LA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: High Cashflow: Strong average monthly income trending upward (last 3 months: $13,101).; Turn‑Key Ready: Includes 23 mobile homes (20 park‑owned), on‑site park manager for 2.5 years.; Room to Grow: Section 8 approval with only 2 tenants currently enrolled, offering potential for increased rents.
