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1103 Warren Drive

West Monroe LA 71291

Multi-Family
Currently for sale - view listing

Overview

INVESTMENT OPPORTUNITY!! If youre looking for long-term residential income, this 30-unit trailer park is what youve been looking for in West Monroe!! Sixteen of the lots are occupied with seller-owned mobile homes, 12 lots are leased to tenant-owned homes, while two lots are being used by the seller as a beauty shop and RV site. Theres also a 4 bedroom, 2 bath home on the property, as well as a functioning beauty shop that could also be used as an office. Gross annual income is $159, 300. Situated on 3.1 acres, the property features a gravel driveway, three storage buildings and a variety of seller-owned homes ranging from 3BR\2BA, 2BR\2BA to 2BR\1BA.There is also an attached 2.57 acre cleared lot that allows for expansion. Owner pays for water\sewage\trash ($1, 300\mo.), while each lot has an individual electric meter. Maintenance costs vary per year depending upon renovations and appliance\HVAC replacement. There is currently three lots not collecting income that are being used by the seller, while all other lots\homes with the exception of one currently being renovated are leased. All seller-owned homes can be shown with an accepted contract. Seller does not want to unnecessarily disturb the tenants...

Features

Multi-Family

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