10-Lot Mobile Home
For Sale
$800,000
105 Nena Ln, Lafayette, LA 70508
Fully occupied mobile home subdivision with separately saleable homes near Milton and E Broussard Road.
Property Size5,760 SF
Price / SF$138.89
Days on Market254
Property Features for 105 Nena Ln
General Information
Standard status
Active
Size
5,760 SF
Property subtype
Residential Income
Listing Agency:
Candy Realty
Listed By:
Candy Yang
(337) 278-3877
Source:
Exprealty
Added: Feb 4
Changed: Oct 10
Last Checked: Oct 15 at 12:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Candy Realty
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Investment Insights
Based on property information with market context.
This 10-lot mobile home subdivision offers an income-producing residential layout in Lafayette Parish, with each home available for separate sale. The park is 100% rented, providing an established occupancy profile for the property as configured.
Most of the mobile homes were built in 2000, and the majority measure 18 feet wide rather than the more typical 16-foot width. The property is near the Milton area, positioned off E Broussard Road at 105 Nena Ln in Lafayette, Louisiana.
Most of the mobile homes were built in 2000, and the majority measure 18 feet wide rather than the more typical 16-foot width. The property is near the Milton area, positioned off E Broussard Road at 105 Nena Ln in Lafayette, Louisiana.
Key Highlights
- 10‑lot mobile home subdivision
- 100% rented occupancy
- Each home can be sold separately
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,832
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$976,640
$976.6K
Cap Rate 7%
$697,600
$697.6K
Cap Rate 9%
$542,578
$542.6K
Market Conditions
NOI Build-Up for 5,760 SF
Gross rent
$121.0K $21.00/SF
− Vacancy
−$32.2K −$5.59/SF
EGI
$88.8K $15.41/SF
− OpEx
−$40.0K −$6.94/SF
NOI
$48.8K $8.48/SF
Area
Lafayette, LA
Vacancy
26.60%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$976,640
Cap Rate 7%
$697,600
Cap Rate 9%
$542,578
Alternative Uses
Best Use
Apartment 5plus
$697.6K
$610.4K – $813.9K
NOI $48,832 @ 7.0% cap · market cap 6.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,330 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Explore this area
Business Placement
Demographics for 70508, LA
40,343
Population
18,677
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
94%
High-School Grad
24.3 sq mi
ZIP Area
1,660
Density / Sq Mi
$88,017
Median Household Income
$51,614
Median Earnings
$1,244
Median Rent
$299,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Fully occupied mobile home subdivision with separately saleable homes near Milton and E Broussard Road.
Where is this mobile home & rv park located?
The property is located at 105 Nena Ln Lafayette, LA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 10‑lot mobile home subdivision; 100% rented occupancy; Each home can be sold separately
