Five-Home Mobile Home
123 Colorado Lane, Buras, LA 70041
For Sale
$300,000
Five three-bedroom mobile homes accompany a three-story brick residence on approximately three acres.
Property Size2,097 SF
Lot Size3.00 Acres
Price / SF$143.06
Days on Market99
Property Features for 123 Colorado Lane
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Property Condition
Severity
Evidence
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Commercial Banker TEC Belle Chasse
Listed By:
Bonnie Buras · License LA #000052386
(504) 392-0022
Source:
Donaldjulienrealestate
Added: Aug 4
Changed: Nov 7
Last Checked: Nov 9 at 6:06PM
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 Commercial Banker TEC Belle Chasse
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Investment Insights
Based on property information with market context.
Approximately three acres in Buras contain a three-story brick residence and five mobile homes. The main house has four bedrooms, two full bathrooms and a half bath, with a living room, wood-burning fireplace, dining area, kitchen, pantry, center island, and upstairs laundry. A third-floor bonus room, attached garage with storage, and wooden deck add to the residence’s configuration. Updates are needed throughout the property.
Each mobile home has three bedrooms, two full bathrooms, and interior laundry. The property is minutes from the Fort Jackson Museum and Welcome Center and approximately 20 minutes from Venice Marina.
Each mobile home has three bedrooms, two full bathrooms, and interior laundry. The property is minutes from the Fort Jackson Museum and Welcome Center and approximately 20 minutes from Venice Marina.
Key Highlights
- Five mobile homes, each with 3 bedrooms and 2 full bathrooms
- Approximately 3 acres in Buras
- Three‑story brick residence with 4 bedrooms and 2.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,978
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,560
$319.6K
Cap Rate 7%
$228,257
$228.3K
Cap Rate 9%
$177,533
$177.5K
Market Conditions
NOI Build-Up for 2,097 SF
Gross rent
$32.0K $15.24/SF
− Vacancy
−$2.9K −$1.39/SF
EGI
$29.1K $13.85/SF
− OpEx
−$13.1K −$6.23/SF
NOI
$16.0K $7.62/SF
Area
Plaquemines County, LA
Vacancy
9.10%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,560
Cap Rate 7%
$228,257
Cap Rate 9%
$177,533
Alternative Uses
Best Use
Apartment 5plus
$228.3K
$199.7K – $266.3K
NOI $15,978 @ 7.0% cap · market cap 5.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$553.2K
$484.1K – $645.5K
NOI $38,727 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
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Business Placement
Demographics for 70041, LA
2,675
Population
1,318
Households
2
Avg Household Size
41
Median Age
4%
College-Educated
58%
High-School Grad
30.6 sq mi
ZIP Area
87
Density / Sq Mi
$35,263
Median Household Income
$32,628
Median Earnings
$928
Median Rent
$74,300
Median Home Value
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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 - Five three-bedroom mobile homes accompany a three-story brick residence on approximately three acres.
Where is this mobile home & rv park located?
The property is located at 123 Colorado Lane Buras, LA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Five mobile homes, each with 3 bedrooms and 2 full bathrooms; Approximately 3 acres in Buras; Three‑story brick residence with 4 bedrooms and 2.5 bathrooms
