28026 S SATSUMA Road
Property Description
Investment opportunity to acquire an established 18-site mobile home community in Livingston, Louisiana. Willow Springs MHC offers a straightforward lot-rental model with zero park-owned homes or notes, providing investors with a simplified operating structure and limited exposure to home maintenance and turnover costs. The community is currently 100% occupied, with lot rents at $450 per month. Willow Springs features paved interior roads, off-street parking, a master water meter, and a recently refurbished oxidation pond and collection tanks. The property is situated in Flood Zone AE. Offered at $1,080,000, or $60,000 per existing site, pricing is based on $450 monthly lot rents, a 5% vacancy and delinquency allowance, and a 30% operating expense assumption, resulting in an approximately 6% capitalization rate. With full occupancy, strong collections, no park-owned homes, and recently improved infrastructure, Willow Springs MHC offers investors a stabilized, low-maintenance community with a solid existing income stream and potential for continued long-term growth.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,080,000 |
| No. of Units: | 18 |
| Year Built: | 2020 |
| Lot Size: | 107,203.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $60,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-NOMARLA-2577947
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