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Jennings Estates 220 Bayou Maria Rd Ln 14 Unit Mobile Home Park $975,748 CAD ($69,696 CAD/Unit) 7.60% Cap Rate Pineville, LA 71360
INVESTMENT HIGHLIGHTS
- Expansion Potential: 8.81 acres with approximately 4 acres undeveloped—ideal for infill or phased community growth.
- Strategic Location: Minutes from Alexandria/Pineville metro with access to jobs, schools, and essential services—supporting long-term tenant demand.
- Affordable Entry Point: Priced at $750,000 with significant upside through lease-up, home sales, and infrastructure improvements.
EXECUTIVE SUMMARY
Property Overview:
Jennings Estates is a partially developed Manufactured Home Community (MHC) opportunity located on Country Ln in Pineville, LA. The site spans 8.81 total acres, with approximately 4 acres currently developed, offering expansion potential for additional units or value-add redevelopment.
Current Features:
Total Units: 35 spaces (est.)
Occupancy: ~40% occupied
Ownership: Approximately 58% park-owned homes
Zoning: Residential/mobile home use
Utilities: Public water & sewer available (confirm tap fees/connection per city)
Investment Highlights:
Value-Add Play: Ideal for an investor seeking to reposition underperforming assets. Ability to raise occupancy, convert POHs to TOHs, and add new homes on unused acreage.
Expansion Potential: Up to 4.8± acres of unused land offers significant room for infill, subject to zoning and utility access.
Location: Minutes from downtown Alexandria/Pineville metro, offering a stable tenant base and proximity to services, shopping, and employment hubs.
Low Acquisition Basis: Priced attractively at $750,000, making it a compelling entry point into the Louisiana MHC market.
Financial Snapshot (Estimated):
Gross Potential Rent (Fully Stabilized): $266,700 Gross annually (based on 35 pads @ $635/mo)
Current NOI: Significantly below potential; upside through rent growth, infill, and expense control
Cap Rate (Pro Forma): 7%–9%+ achievable with stabilization
Notes:
Buyer to verify infrastructure capacity for expansion.
Potential eligibility for local incentives or grants (contact Rapides Parish for MHP redevelopment support).
On-site condition ranges from fair to good; some deferred maintenance on POHs expected.
Jennings Estates is a partially developed Manufactured Home Community (MHC) opportunity located on Country Ln in Pineville, LA. The site spans 8.81 total acres, with approximately 4 acres currently developed, offering expansion potential for additional units or value-add redevelopment.
Current Features:
Total Units: 35 spaces (est.)
Occupancy: ~40% occupied
Ownership: Approximately 58% park-owned homes
Zoning: Residential/mobile home use
Utilities: Public water & sewer available (confirm tap fees/connection per city)
Investment Highlights:
Value-Add Play: Ideal for an investor seeking to reposition underperforming assets. Ability to raise occupancy, convert POHs to TOHs, and add new homes on unused acreage.
Expansion Potential: Up to 4.8± acres of unused land offers significant room for infill, subject to zoning and utility access.
Location: Minutes from downtown Alexandria/Pineville metro, offering a stable tenant base and proximity to services, shopping, and employment hubs.
Low Acquisition Basis: Priced attractively at $750,000, making it a compelling entry point into the Louisiana MHC market.
Financial Snapshot (Estimated):
Gross Potential Rent (Fully Stabilized): $266,700 Gross annually (based on 35 pads @ $635/mo)
Current NOI: Significantly below potential; upside through rent growth, infill, and expense control
Cap Rate (Pro Forma): 7%–9%+ achievable with stabilization
Notes:
Buyer to verify infrastructure capacity for expansion.
Potential eligibility for local incentives or grants (contact Rapides Parish for MHP redevelopment support).
On-site condition ranges from fair to good; some deferred maintenance on POHs expected.
DATA ROOM Click Here to Access
- Offering Memorandum
- Third Party Reports
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$105,699
|
$3.02
|
| Other Income |
$4,661
|
$0.13
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$110,360
|
$3.15
|
| Taxes |
$3,491
|
$0.10
|
| Operating Expenses |
$31,626
|
$0.90
|
| Total Expenses |
$35,117
|
$1.00
|
| Net Operating Income |
$75,243
|
$2.15
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $105,699 |
| Annual Per SF | $3.02 |
| Other Income (CAD) | |
|---|---|
| Annual | $4,661 |
| Annual Per SF | $0.13 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $110,360 |
| Annual Per SF | $3.15 |
| Taxes (CAD) | |
|---|---|
| Annual | $3,491 |
| Annual Per SF | $0.10 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $31,626 |
| Annual Per SF | $0.90 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $35,117 |
| Annual Per SF | $1.00 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $75,243 |
| Annual Per SF | $2.15 |
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Jennings Estates | 220 Bayou Maria Rd Ln
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