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113 Clark Dr

Vidalia, LA 71373

$1,100,000

Manufactured Housing Mobile Home Park For Sale  •  4,000 Sq Ft

Property Details

  • Property Type Manufactured Housing Mobile Home Park
  • Total Building Size 4,000 Sq Ft
  • Lot Size 6.38 ac
  • Building Class C
  • Cap Rate 9.07 %
0 Transit Score
42 Walk Score

Description

Multi-Unit Investment Property For Sale in Vidalia, Louisiana. This 12.38-acre property contains 5 houses, 28 park-owned mobile homes, and 31 leased lots - totaling 64 rental units. The property also includes a large workshop, office building, and Washeteria. 9.1% CAP Rate on current income. 

Clark Bro’s Rentals is the only significant mobile home rental concentration in the Vidalia city limits, leaving it minutes from all desired amenities. Three major manufacturing facilities are approved for development within the following year, providing a unique future investment opportunity to convert the aforementioned property into workforce housing.

Property Flyers

Financial Summary

Cap Rate: 9.07 %
Matthew Galofaro 985-969-8473 Latter & Blum Classic Homes and Properties, Inc.
Matthew Galofaro 985-969-8473 Latter & Blum Classic Homes and Properties, Inc.