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$650,000   Price Analysis
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1191 Francis Loop
Saint Martinville, LA 70582
Unknown bed None bath 9,200 SqFt ($70/SqFt)

Listed 2023-09-13		✓ USDA Eligible
near Saint Martinville, LA
 Restrictions may apply
due to home size

2.6 acre mobile home park with 8 lots - 7 park owned homes and 1 vacant lot for potential lot rent or development.

All 8 individual lots are over 12, 000 sqft. equipped with individual me chanical sewer/water meters that are individually metered for tenants to assume all utility responsibilities. The infrastructure of the MH park is 3 years old. Current income is $5600/month excluding Lot 7 rent (as tenant s an employee).

Rent for this home would be $900/month bringing the total income to $6500/month plus vacant lot mentioned above. Homes are in exceptional shape. All tenants are current on rent, long term and there is a waiting list for future vacancies. All rent is collected via Venmo making for low maintenance bookkeeping. Storage buildings are conveyed with sale.


Presented by Nicholas Dodge at
Evo Realty.


Property MLS #23008347 from Lafayette

Dishwasher
Dryer
Electric Range
Refrigerator
Washer

Cooling Features: Central Air
Heating Features: Central

Lot Size Dimensions: see plat

Parking Total: 16

Elementary School: Call School Board
High School: Call School Board
Middle School: Call School Board

St. Martinville Primary School is a public elementary school located approximately 2.5 miles away.
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St. Martinville Senior High School is a public high school located approximately 2.6 miles away.
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Evangel House Christian Academy is a private middle and high school located approximately 2.7 miles away.
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St. Martinville Junior High School is a public middle school located approximately 4.3 miles away.
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Number of Units: 7

Tenant Pays: Broadband/Internet Access, Cable/Sat TV, Electric, Trash, Water

Source Listing Status: Active
County: St Martin
Directions: From LA-96 take left onto Main St/LA-31 then right on E Bridge St then left onto Francis Loop. Property on left, also accessible from Martin Dautreaul
Source Property Type: MultiFamily
Area: M2
Source Neighborhood: M2
Property Subtype: Mobile Home Park
Source System Name: C2C

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Total Square Feet Living: 9200
Building Exterior Type: Vinyl Siding
Construction Materials: Frame
Foundation Details: Block
Levels or Stories: 1.0
Year Built Details: 21 - 30 Years

Sewer: Individual Sewer, Mechanical Sewer
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.