18-Unit Mobile Home Park in Sorrento – Rare Opportunity

View Offering Memorandum: https://buildout.com/sharing/18-unit-mobile-home-park-rare-opportunity-44452-braud-st-sorrento-la-70778?file=3517833 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 11.61%. 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. • Ownership of both the land and all mobile homes • Currently yields a pro forma NOI of $101,620.80 and a CAP rate of 11.61% • Potential to replace current trailers with smaller models to increase units • Weekly revenue numbers available upon request