Mobile Home And RV
For Sale
$160,000
6608 Second Street, Alexandria, LA 71303
MULTI_FAMILY - Alexandria, LA
Property Size1,200 SF
Lot Size0.75 Acres
Price / SF$133.33
Days on Market439
Property Features for 6608 Second Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Mixed
Parking
6
Parking features
Carport
Exterior features
Lighting, Outside Light
Appliances
Refrigerator, Electric Range
Lot features
Level
Elementary school
Call School Board
Middle school
Call School Board
High school
Call School Board
Elementary school district
Rapides Parish
Middle school district
Rapides Parish
High school district
Rapides Parish
Directions
Hwy 1 toward Boyce, Turn Left onto Airport Rd Take right onto Second Street, property on the right
Subdivision
Rapides
Standard status
Active
APN
29-034-07150-0053 01
Size
1,200 SF
Lot size
0.75 Acres
Taxes and HOA fees
Tax Description
---LOTS 8 & 9 OF SUBD. OF LOTS 10 & 11, OAK ISLE PLANTATION SUBD. (CB 1545-397 MC GHEE)(CB 1413-497 DON: MC GHEE)(CB 1545-398 ACT OF IMMOBILIZATION)(CB 1861-791 LACHNEY / ASSESSED:GALLOWAY)(CB 1888-903 2010 PARISH ADJUDICATION)(CB 1891-893 REDEMPTI
Legal Description
---LOTS 8 & 9 OF SUBD. OF LOTS 10 & 11, OAK ISLE PLANTATION SUBD. (CB 1545-397 MC GHEE)(CB 1413-497 DON: MC GHEE)(CB 1545-398 ACT OF IMMOBILIZATION)(CB 1861-791 LACHNEY / ASSESSED:GALLOWAY)(CB 1888-903 2010 PARISH ADJUDICATION)(CB 1891-893 REDEMPTI
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Window Unit(s)
Building Details
Floors in Building
1
Number of units
4
Flooring type
Carpet, Vinyl
Building materials
Aluminum Siding, Vinyl Siding
Roof type
Metal
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Robert A Burke · License #0099568021
(318) 787-8653
Added: Jun 10, 2025
Changed: Aug 13
Last Checked: Aug 22 at 4:06PM
MLS# 2500006684
Copyright © 2026 Realtor Association of Acadiana. 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 0.75-acre property includes two manufactured homes and two additional rental lots, with a total property size of 1,200 square feet. One home is estimated to date from 2022. The homes feature aluminum or vinyl siding, metal roofing, carpet and vinyl flooring, central or electric heating, ceiling fans, and window-unit cooling. Refrigerators, electric ranges, exterior lighting, and a carport are also included.
The property is 100% occupied by long-term tenants. Each unit has a separate utility meter, while city sewer and utilities are already on site. Mixed zoning supports the existing residential income configuration, and the property is located in Alexandria, Louisiana.
The property is 100% occupied by long-term tenants. Each unit has a separate utility meter, while city sewer and utilities are already on site. Mixed zoning supports the existing residential income configuration, and the property is located in Alexandria, Louisiana.
Key Highlights
- Two manufactured homes plus two additional rental lots
- 0.75‑acre property with 1,200 square feet
- 100% occupied by long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$8,927
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$178,540
$178.5K
Cap Rate 7%
$127,529
$127.5K
Cap Rate 9%
$99,189
$99.2K
Market Conditions
NOI Build-Up for 1,200 SF
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.
Gross rent
$17.9K $14.88/SF
− Vacancy
−$1.6K −$1.35/SF
EGI
$16.2K $13.53/SF
− OpEx
−$7.3K −$6.09/SF
NOI
$8.9K $7.44/SF
Area
Rapides County, LA
Vacancy
9.10%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$178,540
Cap Rate 7%
$127,529
Cap Rate 9%
$99,189
Alternative Uses
Best Use
Apartment 5plus
$127.5K
$111.6K – $148.8K
NOI $8,927 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$330.8K
$289.4K – $385.9K
NOI $23,155 @ 7.0% cap · market cap 14.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
Explore this area
Business Placement
Demographics for 71303, LA
22,797
Population
10,388
Households
2.2
Avg Household Size
38
Median Age
32%
College-Educated
87%
High-School Grad
63.4 sq mi
ZIP Area
360
Density / Sq Mi
$66,761
Median Household Income
$40,687
Median Earnings
$1,115
Median Rent
$232,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Fully occupied mixed-zoning property with manufactured homes, rental lots, separate utility meters, and on-site city services.
Where is this mobile home & rv park located?
The property is located at 6608 Second Street Alexandria, LA.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Two manufactured homes plus two additional rental lots; 0.75‑acre property with 1,200 square feet; 100% occupied by long‑term tenants
