1110 Mccormick St Vinton, LA 70668
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.