18-Unit Mobile Home Park in Sorrento – Rare Opportunity

44452 Braud St, Sorrento, LA 70778

  • For Sale $925,000
  • Property Type Multi-Family
  • Property Size 18 SF
  • Units 18
  • Lot Size 2.2 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Date Updated Nov 19, 2024
-Now available for sale, 44452 Braud St offers a stabilized 18-unit mobile home park. This rare investment opportunity includes ownership of both the land and all mobile homes, providing complete control over the property and its revenue streams. The community currently yields a pro forma NOI of $101,620.80 and CAP rate of 10.99%. Weekly revenue numbers available upon request. Located just ±3-4 minutes off Airline Hwy and Hwy 22 (John LeBlanc Blvd), the property benefits from excellent access to major thoroughfares and proximity to surrounding chemical plants, making it an ideal housing solution for local workers. The property is located in Sorrento, an area where establishing new mobile home parks is increasingly difficult. With potential for further income growth, investors could explore replacing the current trailers with smaller models to increase the number of units. This is a rare chance to own a fully operational and stabilized mobile home park in a high-demand area.

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Highlights

  • Ownership of both the land and all mobile homes
  • Currently yields a pro forma NOI of $101,620.80 and a CAP rate of 10.99%
  • Potential to replace current trailers with smaller models to increase units
  • Weekly revenue numbers available upon request

Contacts

broker

Mark Segalla

ELIFIN®

Location

Getting Around

  • Walk Score ®

    7/100 Car-Dependent

  • Bike Score ®

    26/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Sorrento, LA
  • Zip Code 70778
  • Market Baton Rouge

Points of Interest

  • Texaco

    1.28 miles

  • Shell

    1.32 miles

  • Marathon

    1.64 miles

  • RaceTrac

    1.69 miles

  • Exxon

    3.95 miles

  • Chevron

    5.96 miles

  • ChargePoint

    8.43 miles

  • Cajun Country Inn

    5.27 miles

  • Days Inn

    5.44 miles

  • Budget Inn

    5.63 miles

  • TownePlace Suites Baton Rouge Gonzales

    5.81 miles

  • Candlewood Suites Gonzales - Baton Rouge Area

    5.83 miles

  • La Quinta Inn & Suites Gonzales LA

    5.84 miles

  • Comfort Suites

    5.89 miles

  • Supreme Inn & Suites

    5.90 miles

  • SpringHill Suites Baton Rouge Gonzales

    5.93 miles

  • Hampton Inn Gonzales

    6.00 miles

  • Popeyes

    1.33 miles

  • Waffle House

    1.55 miles

  • McDonald's

    1.60 miles

  • Subway

    4.01 miles

  • Raising Cane's

    5.04 miles

  • Wendy's

    5.07 miles

  • Whataburger

    5.12 miles

  • Taco Bell

    5.45 miles

  • The Carriage House Restaurant

    5.47 miles

  • Burger King

    5.49 miles

  • River Parishes Community College

    0.38 miles

  • Louisiana Technical College Ascension Campus

    1.17 miles

  • Saint Amant Middle School

    2.73 miles

  • Saint Amant Primary School

    2.75 miles

  • Faith Academy School

    3.25 miles

  • Pecan Grove Primary School

    3.95 miles

  • Saint Amant High School

    4.16 miles

  • East Ascension High School

    4.73 miles

  • Gonzales Primary School

    5.34 miles

  • Gonzales Middle School

    5.37 miles

Frequently Asked Questions

How much does 18-Unit Mobile Home Park in Sorrento – Rare Opportunity cost?

The space currently listed for sale at 18-Unit Mobile Home Park in Sorrento – Rare Opportunity asks for $925,000.

What is the total square footage of 18-Unit Mobile Home Park in Sorrento – Rare Opportunity?

18-Unit Mobile Home Park in Sorrento – Rare Opportunity totals 18 square feet.

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Contact Listing Broker

broker

Mark Segalla

ELIFIN®