1480 Joe Miller Rd

1480 Joe Miller Road, Lake Charles, LA 70601 Verbiage ● Value-Add Opportunity By Bringing Rents to Market Rate, Fixing Up Paved Road and Infilling the Vacant Lots ● 11 Total Sites: 2 houses, 4 trailers, 2 duplexes, 1 TOH, 2 Vacant Lots ● All state and parish sewer permits updated and in good standing ● Below market rents and at 90% occupancy grossed $72,366 in 2023 ● Located near Highway 171, ● Easy to manage park - might be a perfect starter park Discover a prime investment opportunity with this well-established trailer park for sale. Situated in a desirable location, this park features a mix of spacious lots, including 2 houses, 4 trailers, 2 duplexes, 1 TOH, and 2 vacant lots, totaling 11 units. The park boasts a solid infrastructure with updated state and parish sewer permits. Currently, rents are at close to 85% of the market rate, providing a clear path for increased revenue by bringing them up to the market standard. With 90% occupancy, the park grossed $72,366 in 2023, demonstrating strong income potential even with below-market rents. The easy-to-manage layout and close proximity to Highway 171 make this an attractive option for both seasoned investors and those new to property management. There is also potential to increase profitability by introducing charges for lawn services and water, adding new revenue streams to further enhance returns. Additionally, there's ample room for value enhancement by upgrading the paved roads and infilling the vacant lots. This park presents a unique opportunity to maximize returns through strategic improvements and rent adjustments. Don’t miss out on this promising investment in a thriving community.