1480 Joe Miller Rd Lake Charles, LA 70611

Listing Agency RE/MAX ONE M***@remax.net Show Phone

Listed by Roxanne Corbello · License #LA

Source Crexi

Added: Apr 12 Checked: Jul 17 at 10:17 am

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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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FAQs

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 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%).