This Multifamily property is Off-Market. Search below to find active commercial real estate for sale or lease.
Browse More Listings in Multifamily For Sale, Lake Charles, LA or Louisiana
8559 Gulf Hwy
8559 Gulf Hwy, Lake Charles, LA 70607
250 Spaces | Multifamily
Multifamily Property - Off Market
- No. Spaces:
- Property Type:
- Property Sub-type:
- Mobile Home/ RV Community
- Property Use Type:
- Commission Split:
- Lot Size:
- 40 AC
- Listing ID
- Last Updated
- over 1 year ago
Property offered for sale by Kim Smith / Smith Investment Realty, a Louisiana Licensed Broker. Attactive owner financing to qualified buyers with 20% down.
The park consists of 250 spaces. There are 27 lots that have been sold to individuals. Most of these lots are on the south end of the property. The property consists of:
40 acres (40 additional undeveloped acres not included in this listing could possibly be purchased)
250 lots (27 lots have been sold to individuals)
25 park owned homes (newer models)
Currently 106 lots are rented @ $17,557.50 ($175 or less per lot) per month
Currently there are 24 homes rented @ $12,135.00 per month
Current gross monthly income =$29,692.50 (September Rent Roll =$30,437.00)
The 50 % vacancy rate stems clear back to Hurricane RITA & KATRINA. Lake Charles was affected severely by RITA. The park took in approx. 80 FEMA at one time. There is a HUGE upside with 115 vacancies.
The community offers the finest lifestyle amenities with value and quality in one of Lake Charles' premier manufactured housing communities.
Location is accessible to all South Lake Charles attractions & close to McNeese State University 2.5 miles south of Lake Charles Regional Airport.
Map of 8559 Gulf Hwy, Lake Charles, LA 70607 (Calcasieu County)
Research for 8559 Gulf Hwy, Lake Charles, LA 70607 (Calcasieu County)
- Demographics – Population, income & other demographics near 8559 Gulf Hwy
- Research Price – Recent sales of similar properties
- Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building
The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO