Franklinton Mobile Home Park
For Sale
$1,350,000
23805 HIGHWAY 430, Franklinton, LA 70438
COMMERCIAL - Franklinton, LA
Lot Size5.61 Acres
Days on Market672
Property Features for 23805 HIGHWAY 430
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MHP
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
Listing Agency:
Epique Realty
(888) 893-3537
Listed By:
Chad Ghersanich · License #995700801
(888) 893-3537
Added: Sep 27, 2024
Changed: Apr 27
Last Checked: Jul 30 at 4:06PM
MLS# 2469105
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, includes 23 mobile homes, with 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, and water is city-sourced by Franklinton Water Corporation. The park has undergone major improvements, resulting in higher rents with new tenants, and the average monthly income is trending upward. The park maintains a strong reputation, contributing to peak occupancy. A respected park manager has been on-site for the past 2.5 years. The park is Section 8 approved, with an opportunity to further increase rents. Located 2 miles from the center of the city, the grounds have been well-maintained. Two storage sheds will remain with the property. 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 is zoned Mhp and is intended for use as a mobile home park.
Key Highlights
- High Cashflow: Proven average monthly income trending upward (last 3 months: $13,101).
- Turn‑Key Ready: Respected park manager on site for 2.5 years.
- Growth Potential: Opportunity to increase rents through Section 8 program onboarding.
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 23 units on 5.67 acres.
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: Proven average monthly income trending upward (last 3 months: $13,101).; Turn‑Key Ready: Respected park manager on site for 2.5 years.; Growth Potential: Opportunity to increase rents through Section 8 program onboarding.
