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Jennings Estates 220 Bayou Maria Rd Ln 14 Unit Mobile Home Park $699,000 ($49,929/Unit) 7.60% Cap Rate Pineville, LA 71360
INVESTMENT HIGHLIGHTS
- Expansion Potential: 8.81 acres with approximately 4 acres undeveloped—ideal for infill or phased community growth.
- Strategic Location: Minutes from Alexandria/Pineville metro with access to jobs, schools, and essential services—supporting long-term tenant demand.
- Affordable Entry Point: Priced at $750,000 with significant upside through lease-up, home sales, and infrastructure improvements.
EXECUTIVE SUMMARY
Property Overview:
Jennings Estates is a partially developed Manufactured Home Community (MHC) opportunity located on Country Ln in Pineville, LA. The site spans 8.81 total acres, with approximately 4 acres currently developed, offering expansion potential for additional units or value-add redevelopment.
Current Features:
Total Units: 35 spaces (est.)
Occupancy: ~40% occupied
Ownership: Approximately 58% park-owned homes
Zoning: Residential/mobile home use
Utilities: Public water & sewer available (confirm tap fees/connection per city)
Investment Highlights:
Value-Add Play: Ideal for an investor seeking to reposition underperforming assets. Ability to raise occupancy, convert POHs to TOHs, and add new homes on unused acreage.
Expansion Potential: Up to 4.8± acres of unused land offers significant room for infill, subject to zoning and utility access.
Location: Minutes from downtown Alexandria/Pineville metro, offering a stable tenant base and proximity to services, shopping, and employment hubs.
Low Acquisition Basis: Priced attractively at $750,000, making it a compelling entry point into the Louisiana MHC market.
Financial Snapshot (Estimated):
Gross Potential Rent (Fully Stabilized): $266,700 Gross annually (based on 35 pads @ $635/mo)
Current NOI: Significantly below potential; upside through rent growth, infill, and expense control
Cap Rate (Pro Forma): 7%–9%+ achievable with stabilization
Notes:
Buyer to verify infrastructure capacity for expansion.
Potential eligibility for local incentives or grants (contact Rapides Parish for MHP redevelopment support).
On-site condition ranges from fair to good; some deferred maintenance on POHs expected.
Jennings Estates is a partially developed Manufactured Home Community (MHC) opportunity located on Country Ln in Pineville, LA. The site spans 8.81 total acres, with approximately 4 acres currently developed, offering expansion potential for additional units or value-add redevelopment.
Current Features:
Total Units: 35 spaces (est.)
Occupancy: ~40% occupied
Ownership: Approximately 58% park-owned homes
Zoning: Residential/mobile home use
Utilities: Public water & sewer available (confirm tap fees/connection per city)
Investment Highlights:
Value-Add Play: Ideal for an investor seeking to reposition underperforming assets. Ability to raise occupancy, convert POHs to TOHs, and add new homes on unused acreage.
Expansion Potential: Up to 4.8± acres of unused land offers significant room for infill, subject to zoning and utility access.
Location: Minutes from downtown Alexandria/Pineville metro, offering a stable tenant base and proximity to services, shopping, and employment hubs.
Low Acquisition Basis: Priced attractively at $750,000, making it a compelling entry point into the Louisiana MHC market.
Financial Snapshot (Estimated):
Gross Potential Rent (Fully Stabilized): $266,700 Gross annually (based on 35 pads @ $635/mo)
Current NOI: Significantly below potential; upside through rent growth, infill, and expense control
Cap Rate (Pro Forma): 7%–9%+ achievable with stabilization
Notes:
Buyer to verify infrastructure capacity for expansion.
Potential eligibility for local incentives or grants (contact Rapides Parish for MHP redevelopment support).
On-site condition ranges from fair to good; some deferred maintenance on POHs expected.
DATA ROOM Click Here to Access
- Offering Memorandum
- Third Party Reports
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$75,720
|
$2.16
|
| Other Income |
$3,339
|
$0.10
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$79,059
|
$2.26
|
| Taxes |
$2,501
|
$0.07
|
| Operating Expenses |
$22,656
|
$0.65
|
| Total Expenses |
$25,157
|
$0.72
|
| Net Operating Income |
$53,902
|
$1.54
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $75,720 |
| Annual Per SF | $2.16 |
| Other Income | |
|---|---|
| Annual | $3,339 |
| Annual Per SF | $0.10 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $79,059 |
| Annual Per SF | $2.26 |
| Taxes | |
|---|---|
| Annual | $2,501 |
| Annual Per SF | $0.07 |
| Operating Expenses | |
|---|---|
| Annual | $22,656 |
| Annual Per SF | $0.65 |
| Total Expenses | |
|---|---|
| Annual | $25,157 |
| Annual Per SF | $0.72 |
| Net Operating Income | |
|---|---|
| Annual | $53,902 |
| Annual Per SF | $1.54 |
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Jennings Estates | 220 Bayou Maria Rd Ln
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