Investment Overview

Jennings Estates Mobile Home Park presents a compelling value-add investment opportunity in Pineville, Louisiana. Situated on 8.81 acres with 35 total lots—13 of which are currently occupied—the park is 100% tenant-owned, reducing both operational expenses and turnover risk. With 4.81 undeveloped acres, investors have a clear path to expansion and long-term revenue growth. The park currently generates a gross potential revenue of $78,939 annually, with low estimated annual expenses—including taxes, insurance, and maintenance—totaling approximately $17,774. A targeted capital investment of $1.1 million in new manufactured homes could significantly increase income. Stabilized Year 5 projections, based on adding two units per year and a 4% annual rent increase, estimate a net operating income (NOI) of $184,800. At a strong 9-10% cap rate and a projected return on equity (ROE) of 9.47%, the property offers highly attractive financial metrics. Located just 12 miles from Alexandria International Airport and minutes from two major hospitals, Jennings Estates offers excellent accessibility. The surrounding area includes grocery stores, restaurants, fitness centers, and public services, making it an appealing location for long-term residents. With a projected 1.47x equity multiple over an 5-year hold, this investment offers stability, scalability, and strong upside potential.