Established Trailer Park Investment
For Sale
$690,000
1480 Joe Miller Rd, Lake Charles, LA 70611
Trailer park with income potential through strategic improvements and rent adjustments.
Property Size11,878 SF
Price / SF$58.09
Days on Market191
Property Features for 1480 Joe Miller Rd
General Information
Standard status
Active
Size
11,878 SF
Property subtype
Multi-Family
Building Details
Year Built
2000
Listing Agency:
The Real Estate Brokerage
Listed By:
Bailey Dowden · License #995713394
(337) 853-2557
Source:
Athomerealtyla
Added: Apr 12
Changed: Oct 13
Last Checked: Oct 16 at 11:42AM
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 The Real Estate Brokerage
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Investment Insights
Based on property information with market context.
This well-established trailer park presents a prime investment opportunity, featuring a mix of spacious lots. The property includes 2 houses, 4 trailers, 2 duplexes, 1 TOH, and 2 vacant lots, totaling 11 units. The park benefits from updated state and parish sewer permits. The property is located close to Highway 171. The current rents are approximately 85% of the market rate, suggesting potential revenue increase by aligning them with market standards. With a 90% occupancy rate, the park grossed $72,366 in 2023, indicating strong income potential even with below-market rents. There is potential to increase profitability by introducing charges for lawn services and water. Additional value enhancement opportunities exist through upgrading the paved roads and developing the vacant lots. This easy-to-manage layout is an attractive option for both seasoned investors and those new to property management.
Key Highlights
- Strong income potential with $72,366 gross income in 2023.
- 90% occupancy rate ensures stable cash flow.
- Increase revenue by raising rents to market rate (currently at 85%).
Property Analytics
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Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
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Business Placement
Demographics for 70611, LA
22,457
Population
8,971
Households
2.5
Avg Household Size
37
Median Age
30%
College-Educated
91%
High-School Grad
81.7 sq mi
ZIP Area
275
Density / Sq Mi
$101,146
Median Household Income
$56,450
Median Earnings
$1,241
Median Rent
$249,400
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 - Trailer park with income potential through strategic improvements and rent adjustments.
Where is this mobile home & rv park located?
The property is located at 1480 Joe Miller Rd Lake Charles, LA.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Strong income potential with $72,366 gross income in 2023.; 90% occupancy rate ensures stable cash flow.; Increase revenue by raising rents to market rate (currently at 85%).
