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OFF-MARKET
Specialty properties

1110 Mccormick St Vinton, LA 70668

Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a charming 1-bedroom, 1-bathroom mobile home situated on an expanded lot in Vinton, Louisiana. Built in 2011, this 640-square-foot property (measurements are more or less) offers comfortable living space and is currently leased for $850 per month under a one-year lease. The tenant, with no plans to relocate, provides consistent rental income. Utility costs are the responsibility of the tenant. A significant advantage is the inclusion of the adjacent vacant lot, significantly increasing the overall property size. This lot previously held a mobile home which was demolished due to hurricane damage. The property is conveniently located at 1110 McCormick Street, Vinton, LA 70668, and importantly, is not situated in a flood zone, offering added security and peace of mind for the investor. This special purpose property, classified as both industrial and commercial, presents a compelling opportunity for a strong return on investment. The asking price is $65,000.

Property profile
Verified
Property type Specialty properties
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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