Mobile Home
42575 Highway 42 Prairieville, LA 70769
42575 Highway 42, Prairieville, LA, 70769
$650,000
For Sale
$650,000
For sale mobile home park with four separately metered, updated 3-bedroom homes on adjoining lots.
Property Size4,853 SF
Lot Size2.78 Acres
Price / SF$133.94
Days on Market247
Property Features for 42575 Highway 42
General Information
- Standard status
- Active
- Size
- 4,853 SF
- Lot size
- 2.78 Acres
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Listing agency
United Properties of Louisiana
(225) 615-8055
Listed by
Heather Lambert · License #0995686908
(225) 615-8055
Source
Compass
Added: Nov 16, 2025 Updated: Jul 20 at 7:21PM Checked: Jul 21 at 6:49AM
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 United Properties of Louisiana
Investment Insights
Based on property information with market context.
This for-sale mobile home portfolio is set on 2.78 acres and includes one 3-bedroom/2-bath mobile home and three additional 3-bedroom/2-bath mobile homes. The homes have been updated and are currently rented.
Each home is located on its own adjoining lot and is individually metered, with separate modad systems noted for each home. The property includes multiple municipal addresses: 18245, 18255, 18265 Raines Rd. and 42575 Highway 42, Prairieville, LA 70769. Renters pay their own utilities. All units are being sold together and will not be sold separately.
Each home is located on its own adjoining lot and is individually metered, with separate modad systems noted for each home. The property includes multiple municipal addresses: 18245, 18255, 18265 Raines Rd. and 42575 Highway 42, Prairieville, LA 70769. Renters pay their own utilities. All units are being sold together and will not be sold separately.
Key Highlights
- 2.78‑acre mobile home park with four separately metered mobile homes on adjoining lots
- Mix of one 3BR/2BA and three 3BR/2BA homes; all units currently rented
- Renters pay utilities; each home has its own metered setup and separate modad system
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 | $50.7k | $10.44 |
| − Vacancy | −$10.1k | −$2.08 |
| EGI | $40.6k | $8.36 |
| − OpEx | −$18.3k | −$3.76 |
| NOI | $22.3k | $4.60 |
4,853 SF · lease $10.44/SF/yr · vacancy 19.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$318.9K
$279.0K – $372.0K
NOI $22,321 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$931.8K – $1.24M
NOI $74,542 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
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FAQs
What type of property is this?
Mobile home & RV park - For sale mobile home park with four separately metered, updated 3-bedroom homes on adjoining lots.
Where is this mobile home & rv park located?
The property is located at 42575 Highway 42 Prairieville, LA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2.78‑acre mobile home park with four separately metered mobile homes on adjoining lots; Mix of one 3BR/2BA and three 3BR/2BA homes; all units currently rented; Renters pay utilities; each home has its own metered setup and separate modad system
