(5) off-market louisiana mobile home & rv parks -- under $600k

mobile home university
1

Below is a summary of the parks that we currently have available in our inventory.

If you find a park/parks that interests you, please let me know and I’ll send you the complete information on the park/parks.

Mobile Home Park

• Sulphur, Louisiana
• 25 pads
• Flood Zone X
• City Water/City Sewer
• 2 Acres
• Permanent Permit
• 5% occupancy
• Current rent is $335/month

Price: $360K

RV Park
•Cameron, Louisiana
•40 Pads
•City Water/Sewer
• 3 Acres
•Permanent Permit
• 0% occupancy
•Area’s median rent is $525/month

Price: $560K

RV Park
•Cameron, Louisiana
•12 Pads
• City Water/Sewer
• 2 acres
• Permanent Permit
• 0% occupancy
• Area’s median rent is $525/month

Price: $190K

RV Park

• Cameron, Louisiana

• 22 Pads

• City Water/Sewer

• .7 Acres

• Permanent Permit

• 0% occupancy

• Area’s median is $525/month

Price: $450K

RV Park

• Buras, Louisiana

• 9 Pads

•City Water/Sewer

•1.7 Acres

•Permanent Permit

•100% occupancy w/ waiting list

•Current rent is $500-$650/month

Price: $330K

RV Park

•Iberville Parish, Louisiana

• 105 Pads

•City Water/Sewage Plant (Treated and Tested regularly)

• 20 Acres (Cleared)

•Permanent Permit

•45% occupancy

•105 Pads

•Current rent is $675/month

Price: $5.3MM

2

Why do those parks have such a low occupancy rate? Are they new?

3

Hi,

Here are the reasons for the low occupancy for each park:

• Sulphur, Louisiana MHP
Lack of advertising by current owner. He wants to retire and doesn’t want to put much energy in marketing.

• Cameron, Louisiana RVPs
These parks are located near major industrial projects that have been used for workforce housing in the past. At that time every park in the area was at fully capacity.

When construction projects were completed, the parks became vacant. The construction projects are scheduled to start early next year. The projects are expected to last 5 years.

• Iberville Parish, Louisiana RVP
Same reasons for low occupancy as Cameron Parish RVPs. Industrial projects are expected to start next year.

Which one are you interested in?