1778 Nursery Hwy is amulti-family property for lease in Breaux Bridge, LA.
Great Investment Property! This 32 unit Mobile Home Park in Breaux Bridge,LA has room for financial growth and is priced at a 13% CAP rate. Of the 32 Unit spaces available, the park is currently operating with 21 units filled. All units are park owned and conveyed in sale. Rents average close to $600 per unit. Expenses are quite low which produces a solid NOI. Water, electricity and Trash are paid by tenants and sewerage is controlled by an on site mechanical sewer system. Property taxes for the park are a miniscule $272 annually. Owners only financial responsibilities are grass cutting, insurance and Repairs and Maintenance. While the park only has 19 homes out of 32 possible slots, all units are filled and typically stay filled.
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