28026 S Satsuma Rd, Livingston, LA 70754
- $1,080,000
- 107,203
- SqFt
- List Price
- $1,080,000
- MLS#
- 2577947
- Status
- ACTIVE
- Type
- Multifamily
- Style
- Mobile Home
- Stories
- 1
- Living Area
- 107,203
- Parish
- Livingston
Property Description
Investment opportunity to acquire an established 18-site mobile home community in Livingston, Louisiana. Willow Springs MHC offers a straightforward lot-rental model with zero park-owned homes or notes, providing investors with a simplified operating structure and limited exposure to home maintenance and turnover costs. The community is currently 100% occupied, with lot rents at $450 per month. Willow Springs features paved interior roads, off-street parking, a master water meter, and a recently refurbished oxidation pond and collection tanks. The property is situated in Flood Zone AE. Offered at $1,080,000, or $60,000 per existing site, pricing is based on $450 monthly lot rents, a 5% vacancy and delinquency allowance, and a 30% operating expense assumption, resulting in an approximately 6% capitalization rate. With full occupancy, strong collections, no park-owned homes, and recently improved infrastructure, Willow Springs MHC offers investors a stabilized, low-maintenance community with a solid existing income stream and potential for continued long-term growth.
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Additional Information
- Roof
- Other
- Sewer
- Treatment Plant
- Water
- Public
- Heating
- Central
- Cooling
- Central Air
Mortgage Calculator
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