Mobile Home Park with Three
2040 Crepe Myrtle Street Pineville, LA 71360
2040 Crepe Myrtle Street, Pineville, LA, 71360
$69,000
For Sale
$69,000
Three mobile homes on 3 acres, with potential for additional units and one long-term tenant.
Property Size385 SF
Lot Size3.00 Acres
Price / SF$179.22
Days on Market9
Property Features for 2040 Crepe Myrtle Street
General Information
- Standard status
- Active
- Size
- 385 SF
- Lot size
- 3.00 Acres
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 2005
Listing agency
RITCHIE REAL ESTATE
(318) 449-8919
Listed by
Yvette Hardy · License #995706712
(318) 449-8919
Source
Compass
Added: Jul 14 Updated: Jul 21 at 9:13PM Checked: Jul 21 at 9:13PM
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 RITCHIE REAL ESTATE
Investment Insights
Based on property information with market context.
This for-sale property consists of three mobile homes on 3 acres. One home is rented to a long-term tenant, while the other two require remodeling and could be brought up for occupancy.
The site is described as having room for more, offering flexibility for an owner seeking to expand beyond the current three homes. The property is located at 2040 Crepe Myrtle Street in Pineville, Louisiana.
From a tenant-ready and operating standpoint, the current mix includes one occupied unit and two homes that present renovation opportunities, supporting a straightforward path to increasing rental count over time.
The site is described as having room for more, offering flexibility for an owner seeking to expand beyond the current three homes. The property is located at 2040 Crepe Myrtle Street in Pineville, Louisiana.
From a tenant-ready and operating standpoint, the current mix includes one occupied unit and two homes that present renovation opportunities, supporting a straightforward path to increasing rental count over time.
Key Highlights
- Three mobile homes on 3 acres, with room for additional units
- One mobile home is rented long‑term for $350
- Two additional mobile homes are available and need some remodeling
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $5.7k | $14.88 |
| − Vacancy | −$521 | −$1.35 |
| EGI | $5.2k | $13.53 |
| − OpEx | −$2.3k | −$6.09 |
| NOI | $2.9k | $7.44 |
385 SF · lease $14.88/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$40.9K
$35.8K – $47.7K
NOI $2,864 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$106.1K
$92.9K – $123.8K
NOI $7,429 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
Similar For Sale Nearby
FAQs
What type of property is this?
Mobile home & RV park - Three mobile homes on 3 acres, with potential for additional units and one long-term tenant.
Where is this mobile home & rv park located?
The property is located at 2040 Crepe Myrtle Street Pineville, LA.
What is the asking price?
The asking price for this property is $69,000.
What are key features of this property?
This property features: Three mobile homes on 3 acres, with room for additional units; One mobile home is rented long‑term for $350; Two additional mobile homes are available and need some remodeling
