400 Raymond Street, Opelousas, LA 70570 (MLS # 22004317)
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Price at 13% CAP RATE! Pecan Acres Mobile Home Park is located in the heart of Opelousas and sits on 2.5 acres with city water, sewer and concrete roads. The park has undergone extensive infrastructure improvements over the past year and a half with new home pads, new electrical overhead lines, new poles, meters and panels, newperimeter fence around the park with all roads recently resurfaced. The park has 29 total lots consisting of 19 park owned homes with rents ranging from $550-$850/month with a mix of 2 and 3 Bedroom homes. Out of the 10 remaining lots, 8 are currently leased at $200/month with 2 vacant lots. Lot rents are slightly below market and can be increased quickly. Current rental income is $14,600/month and the park has significant value add potential. Tenants pay all utilities. Priced at an 13% CAP rate.
| DAYS ON MARKET | 725 | LAST UPDATED | 4/22/2024 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 0 |
| COMMUNITY | L2 | COUNTY | St Landry |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Call School Board |
|---|---|
| Jr. High School | Call School Board |
| High School | Call School Board |
| PRICE HISTORY | |
| Prior to Dec 20, '23 | $1,200,000 |
|---|---|
| Dec 20, '23 - Feb 7, '24 | $1,090,000 |
| Feb 7, '24 - Apr 22, '24 | $995,000 |
| Apr 22, '24 - Today | $950,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Range |
| AREA | L2 |
| BUYER'S BROKERAGE COMPENSATION | 3 |
| CONSTRUCTION | Aluminum Siding, Frame, Vinyl Siding |
| HEAT | Central |
| LOT | 2.5 acre(s) |
| LOT DIMENSIONS | 180 x 443 x 320 x 455 |
| SEWER | Public Sewer |
| SUBDIVISION | None |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
Listed with NAI Latter & Blum
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