18-Unit Mobile Home Park in Sorrento – Rare Opportunity

For Sale

44452 Braud St, Sorrento, LA 70778

This Sorrento property for sale is located at 44452 Braud St. The current listed sale price for 18-Unit Mobile Home Park in Sorrento – Rare Opportunity is $925,000. 18-Unit Mobile Home Park in Sorrento – Rare Opportunity is situated on a lot that is 2.2 acre in size.

Contacts

broker
Mark Segalla

ELIFIN®

Property Details

  • Property Type Multi-Family
  • Property Size 18 SF
  • Units 18
  • Lot Size 2.2 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Date Updated Dec 7, 2024
-Now available for sale, 44452 Braud St offers a stabilized 18-unit mobile home park. This rare investment opportunity includes ownership of both the land and all mobile homes, providing complete control over the property and its revenue streams. The community currently yields a pro forma NOI of $101,620.80 and CAP rate of 10.99%. Weekly revenue numbers available upon request. Located just ±3-4 minutes off Airline Hwy and Hwy 22 (John LeBlanc Blvd), the property benefits from excellent access to major thoroughfares and proximity to surrounding chemical plants, making it an ideal housing solution for local workers. The property is located in Sorrento, an area where establishing new mobile home parks is increasingly difficult. With potential for further income growth, investors could explore replacing the current trailers with smaller models to increase the number of units. This is a rare chance to own a fully operational and stabilized mobile home park in a high-demand area.
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Highlights

  • Ownership of both the land and all mobile homes
  • Currently yields a pro forma NOI of $101,620.80 and a CAP rate of 10.99%
  • Potential to replace current trailers with smaller models to increase units
  • Weekly revenue numbers available upon request

Getting around

  • 7/100

    Walk Score ®

  • 26/100

    Bike Score ®

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Location

  • City Sorrento, LA
  • Zip Code 70778
  • Market Baton Rouge

Points of Interest

  • Texaco

    1.28 miles

  • Shell

    1.32 miles

  • Marathon

    1.64 miles

  • RaceTrac

    1.69 miles

  • Exxon

    3.95 miles

  • Chevron

    5.96 miles

  • ChargePoint

    8.43 miles

  • Cajun Country Inn

    5.27 miles

  • Days Inn

    5.44 miles

  • Budget Inn

    5.63 miles

  • TownePlace Suites Baton Rouge Gonzales

    5.81 miles

  • Candlewood Suites Gonzales - Baton Rouge Area

    5.83 miles

  • La Quinta Inn & Suites Gonzales LA

    5.84 miles

  • Comfort Suites

    5.89 miles

  • Supreme Inn & Suites

    5.90 miles

  • SpringHill Suites Baton Rouge Gonzales

    5.93 miles

  • Hampton Inn Gonzales

    6.00 miles

  • Walmart Supercenter

    4.77 miles

  • Rouses

    9.04 miles

  • Walmart Neighborhood Market

    9.24 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Mark Segalla

ELIFIN®