114 Sandal St, West Monroe, LA 71292
- Mobile home & RV parks
- 10.96 lot acres
Current Use by Public Records
- D B Roofing / Roofing Company / General Contractor
Property Details for 114 Sandal St
- Lot size
- 10.96 lot acres
- Property type
- Mobile home & RV parks
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 5, 2025 | — | Sandal Land Holding LLC | — | Deed · related | $1.1M · Commercial Capital Bank |
Description
This exceptional 44-unit mobile home park in West Monroe, Louisiana, presents a compelling investment opportunity. Situated on 10.96 acres, including a 5-acre adjacent lot, the property boasts a strong 91% occupancy rate and a substantial net operating income (NOI) exceeding $140,000 annually, translating to an attractive 11% capitalization rate. All utilities are directly billed to residents, simplifying management. An on-site manager ensures smooth daily operations. Below-market rents offer immediate potential for increased profitability. The seller is open to discussions regarding the vacant land, potentially offering a right of first refusal for future development. This turnkey operation provides a stable income stream with significant upside potential for savvy investors seeking a high-yield, low-maintenance asset in a desirable Louisiana location. The property's paved roads and efficient management structure contribute to its overall appeal. This is a rare opportunity to acquire a well-maintained, high-performing mobile home park with significant growth potential.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- West Monroe
- County
- Ouachita Parish
- State
- Louisiana
- Longitude
- -92.1590015
- Latitude
- 32.4745378
