Mobile Homes on
For Sale
$99,000
44309 Marie Drive, Hammond, LA 70403
Two mobile homes on a 1.5-acre lot.
Property Size1,280 SF
Lot Size1.50 Acres
Price / SF$77.34
Days on Market324
Property Features for 44309 Marie Drive
General Information
Standard status
Active
Size
1,280 SF
Lot size
1.50 Acres
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Listing Agency:
Crescent Sotheby's International Realty
(985) 974-4400
Listed By:
Kelly Cox · License #000076191
(985) 974-4400
Source:
Compass
Added: Sep 10, 2025
Changed: Jul 10
Last Checked: Jul 30 at 11:31AM
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 Crescent Sotheby's International Realty
Investment Insights
Based on property information with market context.
This property features two mobile homes situated on a 1.5-acre lot, presenting an investment opportunity. One mobile home, built in 1996, measures 16 x 80 and includes three bedrooms and two bathrooms. The other mobile home, built in 1986, measures 14 x 70 and contains two bedrooms and two bathrooms. The 1996 mobile home was previously rented for $870. The 1986 mobile home was previously rented for $750 and needs some TLC but has lots of potential.
Key Highlights
- Investment property featuring two mobile homes on a spacious 1.5‑acre lot.
- Includes a 3‑bedroom, 2‑bath mobile home (1996, 16 x 80).
- Second mobile home is a 2‑bedroom, 2‑bath (1986, 14 x 70) with potential.
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 | $16.7k | $13.08 |
| − Vacancy | −$1.5k | −$1.19 |
| EGI | $15.2k | $11.89 |
| − OpEx | −$6.8k | −$5.35 |
| NOI | $8.4k | $6.54 |
1,280 SF · lease $13.08/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$119.6K
$104.6K – $139.5K
NOI $8,370 @ 7.0% cap · market cap 8.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$352.9K
$308.8K – $411.7K
NOI $24,700 @ 7.0% cap · market cap 24.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Explore this area
Business Placement
Demographics for 70403, LA
29,737
Population
13,577
Households
2.2
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
42.3 sq mi
ZIP Area
703
Density / Sq Mi
$50,547
Median Household Income
$32,603
Median Earnings
$992
Median Rent
$207,600
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 - Two mobile homes on a 1.5-acre lot.
Where is this mobile home & rv park located?
The property is located at 44309 Marie Drive Hammond, LA.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: Investment property featuring two mobile homes on a spacious 1.5‑acre lot.; Includes a **3‑bedroom, 2‑bath mobile home (1996, 16 x 80)**.; Second mobile home is a 2‑bedroom, 2‑bath (1986, 14 x 70) with potential.
