Investment Overview

Marcus & Millichap is pleased to present Cane River Mobile Home Community, a 76-space park located in Natchitoches, Louisiana. Sitting within the city limits on nine acres. The property is being offered at an 8.87 percent capitalization rate with a day-one net operating income of $110,828. Of the 76 total spaces, 49 are tenant-owned homes, two are vacant park-owned homes, one is a rent-to-own home, and 24 are vacant lots. All vacant lots have the necessary utility hookups for infill. Over the past two years, ownership has invested over $300,000 into community improvements, including home infill and compliance upgrades, road repaving, fencing, security systems, plumbing and electrical work, and various construction labor. Tenants are responsible and directly billed for all utilities, including electricity, water, sewer, and trash. The park’s only utility responsibilities are security lighting, cameras, and office necessities. The community is managed by a tenant who is compensated with free lot rent and an additional $1,200 per month. Current lot rent is $260 and has not been raised since February of 2022. The nearest comparable mobile home community charges $325. Please do not visit the park without prior approval. All property tours must be scheduled through Marcus & Millichap agents.