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Sapphire Mobile Home Park 529 Sapphire St

6 Unit Mobile Home Park $145,000 ($24,167/Unit) 10.50% Cap Rate Opelousas, LA 70570

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Investment Highlights

Affordable housing.
Open Access.

Good Lighting.
Quiet Neighborhood.

Executive Summary

Mobile Home Park- Turn key business
Very good investment
100 percent park owned properties
Full tenancy
Income producing property
Well Maintained
6 spaces
5 mobile homes present
Rent is low at 350 to 500 per month.
Generates 2200 a month
Can generate more with 1 additional mobile home installed?
Soda machines were bringing in 300 a month. They need repair.
Lot more ….
Cash me out or
Willing to owner finance with $50k down

Financial Summary (Actual - 2023) Click Here to Access	Annual	Annual Per SF
Gross Rental Income	$99,999	$9.99
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$99,999	$9.99
Taxes	$99,999	$9.99
Operating Expenses	$99,999	$9.99
Total Expenses	$99,999	$9.99
Net Operating Income	$99,999	$9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual	$99,999
Annual Per SF	$9.99

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$99,999
Annual Per SF	$9.99

Taxes
Annual	$99,999
Annual Per SF	$9.99

Operating Expenses
Annual	$99,999
Annual Per SF	$9.99

Total Expenses
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income
Annual	$99,999
Annual Per SF	$9.99

Property Facts

Price	$145,000	Building Class	C
Price Per Unit	$24,167	Lot Size	1.00 AC
Sale Type	Investment	Building Size	6,000 SF
Cap Rate	10.50%	Average Occupancy	89%
Sale Conditions	Lease Option	No. Stories	1
No. Units	6	Year Built/Renovated	1970/2023
Property Type	Multifamily	Parking Ratio	1/1,000 SF
Property Subtype	Manufactured Housing/Mobile Home Multifamily Apartments	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Single Family Home

Price	$145,000
Price Per Unit	$24,167
Sale Type	Investment
Cap Rate	10.50%
Sale Conditions	Lease Option
No. Units	6
Property Type	Multifamily
Property Subtype	Manufactured Housing/Mobile Home Multifamily Apartments
Apartment Style	Single Family Home
Building Class	C
Lot Size	1.00 AC
Building Size	6,000 SF
Average Occupancy	89%
No. Stories	1
Year Built/Renovated	1970/2023
Parking Ratio	1/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.