Franklinton Mobile Home
For Sale
$1,350,000
23805 HIGHWAY 430, Franklinton, LA 70438
MULTI_FAMILY - Franklinton, LA
Lot Size5.61 Acres
Days on Market665
Property Features for 23805 HIGHWAY 430
General Information
Property type
Residential Multi Family
Property subtype
Other
Subdivision
Not a Subdivision
Lot features
1-5 Acres, 6-10 Acres
Standard status
Active
APN
0300068250
Lot size
5.61 Acres
Taxes and HOA fees
Tax Description
5.607 ACRES IN SECTION 24-2-10
Legal Description
5.607 ACRES IN SECTION 24-2-10
Utilities
Water source
Public
Building Details
Year built
1968
Floors in Building
1
Number of units
23
Architectural style
Other
Listing Agency:
Epique Realty
(888) 893-3537
Listed By:
Chad Ghersanich · License #995700801
(888) 893-3537
Added: Oct 4, 2024
Changed: May 14
Last Checked: Jul 30 at 4:06PM
MLS# 2469699
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mobile home park, situated on 5.67 acres, features 23 mobile homes, including 20 park-owned units, 2 tenant-owned units, and 1 unit under a rent-to-own contract. Each mobile home is equipped with its own water meter, with water sourced from Franklinton Water Corporation. Recent improvements have led to increased rents with new tenants, contributing to a rising average monthly income. The park benefits from a strong reputation, facilitating high occupancy rates. A respected park manager has been on-site for the past 2.5 years. The property is Section 8 approved, with 2 tenants currently participating in the program. Located 2 miles from the center of Franklinton, the park includes two storage sheds. The grounds are well-maintained. The average monthly income for the last 3 months is $13,101, for the last 6 months is $12,700, and for the last 12 months is $11,600. The property offers potential for further income growth.
Key Highlights
- High Cashflow: Average monthly income trending upward, currently at $13,101 (last 3 months).
- Turn‑Key Operation: Well‑maintained mobile home park with a respected park manager on site for 2.5 years.
- Growth Potential: Opportunity to increase rents through Section 8 program and filling vacancies.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 70438, LA
19,652
Population
9,421
Households
2.1
Avg Household Size
41
Median Age
13%
College-Educated
85%
High-School Grad
347.9 sq mi
ZIP Area
56
Density / Sq Mi
$50,667
Median Household Income
$35,441
Median Earnings
$921
Median Rent
$157,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Mobile home park with room to grow, near city center.
Where is this mobile home & rv park located?
The property is located at 23805 HIGHWAY 430 Franklinton, LA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: High Cashflow: Average monthly income trending upward, currently at $13,101 (last 3 months).; Turn‑Key Operation: Well‑maintained mobile home park with a respected park manager on site for 2.5 years.; Growth Potential: Opportunity to increase rents through Section 8 program and filling vacancies.
