133 Pineridge Rd, West Monroe, LA 71292

Property Description

INVESTMENT OPPORTUNITY! INCOME-PRODUCING MOBILE HOME PARK WITH ROOM TO EXPAND! Looking for an investment property with established income & exciting potential for future growth? In addition to the existing park, the property includes 3.19 acres that could be developed for additional mobile home spaces, giving the new owner an opportunity to expand and increase future income. The existing property consists of 5 park-owned mobile homes and 2 additional mobile home lot spaces, all currently leased. Each lot is equipped with its own water meter and electrical pole. And here's an exciting bonus! The current owner has negotiated a permanent lease agreement with a cell company for a small portion of the property. The proposed agreement is valued at $120,000, plus an additional $2,000 sign-on bonus upon execution of the contract. Although the cell company has not yet signed the agreement, the owner intends to transfer the contract and its associated opportunity to the new owner once executed. This could provide a substantial additional benefit to the buyer! Enjoy the benefits of a relatively low-maintenance investment. The owner's responsibilities are limited primarily to providing trash service and having the property mowed during the spring and summer months, no more than twice monthly. Conveniently located with easy access to I-20, Highway 80, restaurants, shopping, schools, and other area conveniences. Whether you're looking to add to your investment portfolio, generate rental income, or take advantage of the additional acreage and development potential, this property offers multiple opportunities to grow your investment! To respect the privacy of the current tenants, the owner does not wish to disturb them with showings until an acceptable offer has been received. Any offer will be subject to the buyer's opportunity to view the mobile homes, conduct inspections, & complete due diligence. A lender pre-approval letter or proof of funds will be required with an offer.