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1341 Broadway St
Delhi, LA 71232
Asking Price
$1.95M
Asset Type
RV Park Multifamily
Class
Class B
What's Special
Hwy 17 South, Delhi, LA 71232 <ul><li>.Established in 2011</li><li>50/30/20 Amp Services with city water and city sewer</li><li>Offers 33 full-hookup RV Sites on approximately 2.4 acres</li><li>Located within 5 minutes of Black Bear Golf Course and Poverty Point Reservoir</li><li>Currently 100% occupied with extended stay tenants</li><li>Current rents are below market with the high demand and short supply for extended stay residents</li><li>Conveniently located less than 1/2 mile off 1-20 and minutes away from the MET
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NOI
$80,000
Cap Rate
4.10%
DSCR
0.69
Underwater
Cash-on-Cash
-6.11%
Monthly Payment
$9,647.536
Annual Cash Flow
$-35,770.433
