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1114-1116 Washington St
West Monroe, LA 71292
Asking Price
$1.13M
Cap Rate
10.93%
Asset Type
Mobile-home-park
Class
Class B
What's Special
Mobile Home Park | 42 Pads | $26,785/pad <ul><li>Neither park has seen a rent increase in over four years</li><li>Both parks are well below current market rates. TOH lot rents are $200/month across both parks.</li><li>The West Monroe property has 4 lots fully equipped ready for homes to be moved in.</li><li>The Bastrop property has 9 homes lots fully equipped for homes to be moved in, with room for another 5 lots to be developed and have utilities added.</li></ul>
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NOI
$80,000
Cap Rate
7.11%
DSCR
1.20
Tight
Cash-on-Cash
3.91%
Monthly Payment
$5,565.886
Annual Cash Flow
$13,209.366