1815 South Dr Natchitoches, LA 71457

This 79-pad mobile home park in Natchitoches, Louisiana, presents a compelling value-add investment opportunity. Currently operating at 70.9% occupancy, the park offers significant upside potential through rent increases. The property boasts a pro-forma NOI of $112,039 and a pro-forma cap rate of 6.22%, indicating strong projected returns. Recent renovations in 2023 enhance the park's appeal. Residents enjoy the convenience of direct-billed municipal water, sewer, and trash services. Well-maintained asphalt and concrete roads, along with two-car concrete off-street parking, provide ample space and convenience. An onsite office facilitates efficient management. The park's location within the city limits of Natchitoches provides easy access to city amenities and major retailers. The asking price is $1,800,000, translating to approximately $22,785 per pad. This turnkey operation presents a rare chance to acquire a well-situated mobile home park with substantial growth prospects in a desirable Louisiana location. The below-market rents currently in place offer immediate opportunities to increase profitability.