44452 Braud St, Sorrento, LA 70778

Property Details for 44452 Braud St

Lot size

2.20 lot acres

Property type

Mobile home & RV parks

Property subtype

Campgrounds

APN

9152500

Description

This exceptional investment opportunity presents an 18-unit mobile home park situated on a 2.2-acre lot in Sorrento, Louisiana (APN: 9152500). Located at 44452 Braud St, zip code 70778, this property offers complete ownership of both the land and all 18 mobile homes, providing substantial control over revenue streams. The park currently boasts a pro forma Net Operating Income (NOI) of $101,620.80, translating to a 10.99% capitalization rate (CAP rate). Detailed weekly revenue information is available upon request. Conveniently located approximately 3-4 minutes from Airline Hwy and Hwy 22 (John LeBlanc Blvd), the park benefits from easy access to major roadways and is ideally positioned near local chemical plants, providing a strong tenant base. Sorrento's increasingly restrictive regulations regarding new mobile home park development make this a rare and highly desirable asset. The existing infrastructure presents an opportunity for future income growth through potential upgrades, such as replacing current trailers with smaller, more efficient models to increase unit density. This turnkey operation offers a stable income stream and significant upside potential in a high-demand location. This is a rare chance to acquire a fully operational and stabilized mobile home park in a prime location.

Location Insight

City

Sorrento

County

Ascension Parish

State

Louisiana

Longitude

-90.856006069249

Latitude

30.183098467855