400 Raymond Street Opelousas, LA 70570
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountySt Landry
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site11 Days
- MLS StatusActive
- MLS ID Number22004317
- Home Size Source N/A
- Year BuiltN/A
- Lot Size2.5 Acres
- Full BathsN/A
- Partial BathsN/A
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Learn MoreRecent Activity For 400 Raymond Street Opelousas, LA 70570
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General Features
- Construction FrameAluminum SidingVinyl Siding
- Parking Spaces 0
- Sewer Public Sewer
- Acreage 2.5
- Water Public
- Foundation Other
Interior Features
- Cooling Central AirWindow Unit(s)
- Heating Central
- Appliances Electric Range
Community Features
- MLS Area L2