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Mobile Home Park

Greenleaf Mobile Home Park

4587 US-80, Ruston, LA 71270

Listing Price: $2,250,000

Cap Rate
5.62%
Number of Spaces
58
Lot Size
16.50 acres
Occupancy
91.0%
Price/Space
$38,793
Spaces/Acre
3.52
Year Built
1990

Investment Overview

Greenleaf Mobile Home Park is a 58-site mobile home community located in Ruston, Louisiana. The community includes 39 mobile home lot rentals, 11 RV lot rentals, 5 single family homes and apartments, and 3 lots. It currently operates on city water and an oxidation pond for sewer. The residents pay for the electricity and the community pays for the trash, water, and sewer. There is gas on 4 of the sites and asphalt roads throughout the community. Ruston, Louisiana, is a city just over an hour east of Shreveport. It is home to Louisiana Tech University and Grambling State University. The major employers include the Northern Louisiana Medical Center and the two major nearby universities Louisiana Tech and Grambling State. These major employers hire many residents and create a need for both long term and short-term housing in the area. The community is located less than 15 minutes from the local universities in the area. It is also less than 5 minutes from the major highway Interstate 20 which leads through the city of Ruston. The Walmart Supercenter and the Ruston Elementary School are less than 10 minutes away. Greenleaf Mobile Home Park is being offered at a day one capitalization rate of 5.62 percent and a pro forma capitalization rate of 6.85 percent.

Investment Highlights

  • City Water and 3 Cell Oxidation Ponds for Sewer
  • 58 Sites – 39 Mobile Home Sites, 11 RV Sites, 5 Single Family and Apartments, 3 Vacant Lots
  • Louisiana Tech and Grambling University Nearby
  • 5.62% Day One Cap Rate, 6.98% Pro Forma Cap Rate Through Raising Rents to Market

Exclusively Listed By

Mobile Home Park

Greenleaf Mobile Home Park

Listing Price: $2,250,000

Cap Rate
5.62%
Number of Spaces
58
Lot Size
16.50 acres
Occupancy
91.0%
Price/Space
$38,793
Spaces/Acre
3.52
Year Built
1990

Investment Highlights

  • City Water and 3 Cell Oxidation Ponds for Sewer
  • 58 Sites – 39 Mobile Home Sites, 11 RV Sites, 5 Single Family and Apartments, 3 Vacant Lots
  • Louisiana Tech and Grambling University Nearby
  • 5.62% Day One Cap Rate, 6.98% Pro Forma Cap Rate Through Raising Rents to Market

Investment Overview

Greenleaf Mobile Home Park is a 58-site mobile home community located in Ruston, Louisiana. The community includes 39 mobile home lot rentals, 11 RV lot rentals, 5 single family homes and apartments, and 3 lots. It currently operates on city water and an oxidation pond for sewer. The residents pay for the electricity and the community pays for the trash, water, and sewer. There is gas on 4 of the sites and asphalt roads throughout the community. Ruston, Louisiana, is a city just over an hour east of Shreveport. It is home to Louisiana Tech University and Grambling State University. The major employers include the Northern Louisiana Medical Center and the two major nearby universities Louisiana Tech and Grambling State. These major employers hire many residents and create a need for both long term and short-term housing in the area. The community is located less than 15 minutes from the local universities in the area. It is also less than 5 minutes from the major highway Interstate 20 which leads through the city of Ruston. The Walmart Supercenter and the Ruston Elementary School are less than 10 minutes away. Greenleaf Mobile Home Park is being offered at a day one capitalization rate of 5.62 percent and a pro forma capitalization rate of 6.85 percent.

Exclusively Listed By

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