4-Property Mobile Home
For Sale
$500,000
37343 LA Hwy 621, Prairieville, LA 70769
RM-zoned portfolio of four properties with single-wide homes across the Highway 621 area.
Property Size5,000 SF
Price / SF$100
Days on Market500
Property Features for 37343 LA Hwy 621
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Investment
Zoning
RM
Financials
Asking Price
$500,000
Gross Income
$67,200
Additional Details
Multifamily Units
4
Building Details
Buildings
4
Listing Agency:
Realty Executives South Louisiana Group
Listed By:
Gary Fontenot · License #0000041561
(225) 413-7797
Source:
Lacdb.resimplifi
Added: Jun 4, 2025
Changed: Oct 1
Last Checked: Oct 14 at 7:46PM
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 Realty Executives South Louisiana Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This portfolio includes four mobile home properties with single-wide homes. The assets are identified as a package and carry RM zoning, with a combined property size of 5,000.
The portfolio includes properties on Bluff Road, Arceneaux Road, Depend Road, and Swamp Road, with the primary address at 37343 LA Hwy 621, Prairieville, LA 70769. A separate mobile home on an acre on Swamp Road is identified as an optional addition to the package.
The portfolio includes properties on Bluff Road, Arceneaux Road, Depend Road, and Swamp Road, with the primary address at 37343 LA Hwy 621, Prairieville, LA 70769. A separate mobile home on an acre on Swamp Road is identified as an optional addition to the package.
Key Highlights
- Four‑property mobile home portfolio
- Single‑wide homes included across the package
- RM zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,997
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,940
$459.9K
Cap Rate 7%
$328,529
$328.5K
Cap Rate 9%
$255,522
$255.5K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$52.2K $10.44/SF
− Vacancy
−$10.4K −$2.08/SF
EGI
$41.8K $8.36/SF
− OpEx
−$18.8K −$3.76/SF
NOI
$23.0K $4.60/SF
Area
Ascension County, LA
Vacancy
19.90%
Lease Rate
$10.44 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,940
Cap Rate 7%
$328,529
Cap Rate 9%
$255,522
Alternative Uses
Best Use
Apartment 5plus
$328.5K
$287.5K – $383.3K
NOI $22,997 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$960.0K – $1.28M
NOI $76,800 @ 7.0% cap · market cap 15.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
Explore this area
Business Placement
Demographics for 70769, LA
46,671
Population
17,557
Households
2.7
Avg Household Size
35
Median Age
35%
College-Educated
92%
High-School Grad
47.9 sq mi
ZIP Area
974
Density / Sq Mi
$114,707
Median Household Income
$59,552
Median Earnings
$1,245
Median Rent
$295,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - RM-zoned portfolio of four properties with single-wide homes across the Highway 621 area.
Where is this mobile home & rv park located?
The property is located at 37343 LA Hwy 621 Prairieville, LA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Four‑property mobile home portfolio; Single‑wide homes included across the package; RM zoning
