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Mobile Home Park

Twin Oaks Mobile Home Park

3550 Carlyss Dr, Sulphur, LA 70665

Listing Price: $14,215,000

Cap Rate
4.84%
Number of Spaces
201
Lot Size
84.39 acres
Occupancy
93.0%
Price/Space
$70,721
Spaces/Acre
2.38
Year Built
1980

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Twin Oaks Mobile Home Park, a 4-star stabilized manufactured housing community located in Sulphur, Louisiana, within the Lake Charles metropolitan area.

Twin Oaks consists of 201 developed sites situated on approximately 84.39 acres and is currently operating at 93 percent occupancy, providing stable in-place cash flow. The community also includes entitled/developable land capable of supporting up to 94 additional sites, offering a compelling opportunity for phased expansion and long-term NOI growth.

The asset benefits from its large acreage and efficient scale, supporting streamlined operations while preserving meaningful optionality through infill and future development. Its Lake Charles area location is supported by regional employment drivers and a limited supply of affordable housing, underpinning sustained demand.

Twin Oaks presents a core-plus / value-add hybrid investment profile, combining stabilized operations with embedded growth through expansion and operational optimization. The community includes only 21 park-owned homes, representing a small portion of total sites, providing immediate rental income and a clear path to tenant-owned conversion—enhancing margins and reducing operational complexity over time.

Overall, Twin Oaks offers investors an attractive blend of current income, scalable growth, and favorable risk-adjusted returns.

Investment Highlights

  • 4 Star Community with Stabilized Operations and Growth Potential
  • Significant Expansion Opportunity
  • Attractive Scale & Land Basis
  • Lake Charles-Area Location
  • Core-Plus/Value-Add Hybrid Profile
  • Limited Number of Park Owned Homes

Exclusively Listed By

Financing By

Mobile Home Park

Twin Oaks Mobile Home Park

Listing Price: $14,215,000

Cap Rate
4.84%
Number of Spaces
201
Lot Size
84.39 acres
Occupancy
93.0%
Price/Space
$70,721
Spaces/Acre
2.38
Year Built
1980

Investment Highlights

  • 4 Star Community with Stabilized Operations and Growth Potential
  • Significant Expansion Opportunity
  • Attractive Scale & Land Basis
  • Lake Charles-Area Location
  • Core-Plus/Value-Add Hybrid Profile
  • Limited Number of Park Owned Homes

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Twin Oaks Mobile Home Park, a 4-star stabilized manufactured housing community located in Sulphur, Louisiana, within the Lake Charles metropolitan area. Twin Oaks consists of 201 developed sites situated on approximately 84.39 acres and is currently operating at 93 percent occupancy, providing stable in-place cash flow. The community also includes entitled/developable land capable of supporting up to 94 additional sites, offering a compelling opportunity for phased expansion and long-term NOI growth. The asset benefits from its large acreage and efficient scale, supporting streamlined operations while preserving meaningful optionality through infill and future development. Its Lake Charles area location is supported by regional employment drivers and a limited supply of affordable housing, underpinning sustained demand. Twin Oaks presents a core-plus / value-add hybrid investment profile, combining stabilized operations with embedded growth through expansion and operational optimization. The community includes only 21 park-owned homes, representing a small portion of total sites, providing immediate rental income and a clear path to tenant-owned conversion—enhancing margins and reducing operational complexity over time. Overall, Twin Oaks offers investors an attractive blend of current income, scalable growth, and favorable risk-adjusted returns.

Exclusively Listed By

Financing By

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